Explanation:

• The former Reserve Bank of India (RBI) Governor Maidavolu Narasimham, has passed away. He was 94.
• He was famously known as the “Father of Indian Banking Reforms”.
• Narasimham was the 13th Governor of RBI and served from May 2, 1977 to November 30, 1977.
• Maidavolu Narasimham was the first and so far the only governor to be appointed from the Reserve Bank cadre. He had joined the Central Bank as a Research Officer in the Economic Department.