A 1964 batch Indian Administrative Service officer, it is a happy homecoming for the new RBI chief, who had joined the International Monetary Fund after a six-year stint as the RBI Deputy Governor in charge of Monetary Policy.

Sir Osborne A Smith was the governor of RBI, who took over the post on April 1, 1935 and was the bankers' banker till June 30, 1937.

Security personnel make way for Y V Reddy as he enters the main foyer of the RBI HQ in South Mumbai on Saturday to take up his new responsibility.