Educated at
Bombay University (BA) and
University College, London, Ambegaonkar joined the
Indian Civil Service in 1926, and served in various posts in the Central Provinces. He was Joint Controller of Imports from 1943 to 1944, Joint Secretary, Finance Department from 1944 to 1947, Additional Secretary, Ministry of Finance from 1948 to 1949, Secretary, Department of Economic Affairs, 1950-54. He was serving as Finance Secretary before his appointment as Deputy Governor of the RBI. Compared to the latter two Governors
Ambegaonkar's signature as RBI Governor does not appear on any
Indian Rupee note, ==References==