Harun Rashid Khan

2021-07-19T06:30:13Z

94.204.44.204:

{{other people||Haroon Rashid (disambiguation){{!}}Haroon Rashid}}
{{Use Indian English|date=July 2015}}
{{Use dmy dates|date=July 2015}}
{{Infobox officeholder
| name = Haroon Al Rashid Khan (RBI)
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| birth_place = India
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| nationality = [[India]]n
| known_for = Deputy Governor of [[Reserve Bank of India]]
| education = [[Utkal University]], [[Jawaharlal Nehru University, Delhi|Jawaharlal Nehru University]]
| occupation = Banker
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| spouse = Rosy
| partner =
| children = Sara (daughter)
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| office = Deputy Governor of [[Reserve Bank of India]]
|term_start = 4 July 2011
|term_end = 4 July 2016
|governor = [[Duvvuri Subbarao]]<br>[[Raghuram Rajan]]
|successor = [[N S Vishwanathan]]
| footnotes =
}}

'''Harun Rashid Khan''', popularly known as H R Khan, was a Deputy Governor of [[Reserve Bank of India]] for a five-year term between 2011 and 2016 <ref>{{cite news

|url = http://indianexpress.com/article/business/economy/khan-retires-vishwanathan-takes-charge-as-rbi-deputy-governor-2894109
| title = Khan retires, Vishwanathan takes charge as RBI Deputy Governor
| newspaper =The Indian Express
| date=5 July 2016}}</ref> Considered approachable and open to reasoning <ref>{{cite news|url=http://articles.economictimes.indiatimes.com/2011-07-13/news/29769170_1_deputy-governor-usha-thorat-debt-management|title= Harun Rashid Khan is new deputy governor of RBI | work=The Times Of India | date=13 July 2011}}</ref> Khan has made contribution to [[Internal debt|internal debt management]], external investment and [[exchange control]]. He was appointed as Deputy Governor in July 2011.<ref>{{cite web|url=http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=24670|title= H R Khan appointed Deputy Governor of RBI (Press Release)}}</ref> He has also been an ''Executive Director'' of RBI and Director of [[NABARD]].

==Early life and education==
H R Khan had his early schooling at Badagada Highschool in [[Bhubaneswar]]. He was a brilliant student. Although he studied in the vernacular medium, he regularly won first prizes at State level debate and elocution contests in English, and was a multiple winner of the Governor's Cup for elocution.

Khan obtained his Master's degree in Political Science from [[Utkal University]]. Later he obtained Master of Philosophy degree from the ''School of International Studies'' of [[Jawaharlal Nehru University, Delhi|Jawaharlal Nehru University]].

==Career in RBI==
Khan joined Reserve Bank of India in 1978. He rapidly rose through the ranks, working in diverse areas, and became the Principal of RBI's College of Agricultural Banking (CAB) at [[Pune]], before getting appointed as the Regional Director of RBI, New Delhi.

Between 2007 and 2008, Khan was the Director of [[Bank of Maharashtra]] and [[Punjab and Sind Bank]]

He was elevated to the position of Executive Director of RBI on 26 October 2007. He was appointed as Deputy Governor on 4 July 2011.<ref>{{cite web|url=http://www.business-standard.com/article/finance/h-r-khan-promoted-to-rbi-deputy-governor-gets-three-year-term-111070500042_1.html|title= H R Khan promoted as DG of RBI)}}</ref>

==Outstanding achievement==
Khan was the Chairman of the RBI Internal Group on ''Rural Credit and Microfinance'', which is popularly known as the ''Khan Committee''. Based on the recommendations of the Khan Committee, RBI prepared guidelines for expansion of the banking outreach through the ''Business Facilitator'' and ''Business Correspondent'' models with ICT support, which revolutionized the spread of [[financial inclusion]] in India.

Towards the end of his career, Khan chaired the "Working Group on Development of Corporate Bond Market in India". Its report, also popularly referred to as "Khan Committee Report" considered various structural issues impinging on the development of a deep [[corporate bond]] market in India.<ref>{{cite news
| url= http://indianexpress.com/article/business/business-others/khan-committee-report-allow-banks-to-pledge-corporate-bonds-as-collateral-with-rbi-2983947/
| title= Khan committee report: 'Allow banks to pledge corporate bonds as collateral with RBI'
| newspaper= The Indian Express
| date= 19 August 2016
}}
</ref>

==Personal life==
Khan is married to Rosy and has a daughter named Sara. Khan is a strict ''[[vegetarian]]'', while all other members in his family are non-vegetarian. This habit has won him the epithet of ''Vegetarian Khan''.<ref>{{cite news|url=http://articles.economictimes.indiatimes.com/2011-07-13/news/29769170_1_deputy-governor-usha-thorat-debt-management|title= Harun Rashid Khan as new DG of RBI) | work=The Times Of India | date=13 July 2011}}</ref>

==Important assignments==
* Chairman, RBI Internal Group on Rural Credit & Micro-finance
* Member Secretary, Committee on [[Ways and Means Committee|Ways and Means Advances]] for State Governments
* Convenor, Working Group on [[Instruments of Sterilisation]]
* Convenor, Working Group on Model [[Fiscal Responsibility and Budget Management Act, 2003|Fiscal Responsibility & Budget Management Bill]] for States
* Member, [[G-20 major economies|G-20]] Working Group on "Reinforcing International Cooperation & Market Integrity"
* Member, [[Bank of International Settlements|BIS]] Committee on "Global Financial System"
* Member, International Task Force on [[Central Counterparty Clearing|Central Counterparties]]

==See also==
[http://investing.businessweek.com/research/stocks/private/person.asp?personId=29734736&privcapId=22499164&previousCapId=22499164&previousTitle=Reserve%20Bank%20of%20India H R Khan - Executive Profile]

==Speeches & Writings==
*[https://rbidocs.rbi.org.in/rdocs/Speeches/PDFs/ITSP081565C9E245CF4D40EF9CFA6EDE153AAF26.PDF IT Governance and IT Strategy: Boards' Eye View]
*[http://rbidocs.rbi.org.in/rdocs/Bulletin/PDFs/06SPB080813.pdf Financing Strategies for Urban Infrastructure: Trends and Challenges] (RBI Bulletin, August 2013)
*[http://www.bis.org/review/r130718d.pdf Challenges and concerns of the central bank - opportunities and role for the commercial banks] ( BIS - Publications)
* [http://rbidocs.rbi.org.in/rdocs/Speeches/PDFs/PRI100113FS.pdf Promoting Retail Investor Participation in Government Bonds] (8th Annual National Conference on Capital Markets on the theme "Confidence Building Measures for Retail Investors" on 9 January 2013 at Mumbai)
* [http://www.bis.org/review/r120208d.pdf Understanding Psychology through Responsible Financial Behaviour] (Maharishi Dayanand College, Mumbai on 6 February 2012)
* [http://rbidocs.rbi.org.in/rdocs/Speeches/PDFs/TSM090112S.pdf The Shrinking Money & RBI's Economic Policy] (National Management Seminar, Bhubaneswar on 10 December 2011)

==References==
{{reflist}}

{{DEFAULTSORT:Khan, Harun Rashid}}
[[Category:1955 births]]
[[Category:Living people]]
[[Category:Indian bankers]]
[[Category:People from Odisha]]
[[Category:Reserve Bank of India]]
[[Category:Indian Muslims]]

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Harun Rashid Khan