management, and foreign exchange reserves management, to management of capital account, financial market regulation, supervision of non-banking finance companies, payments and settlements systems, RBI accounts and the RBI balance sheet. Legacy Gopinath was known to be a low profile and compassionate Deputy Governor of the RBI. Liquidity management and regulation was her forte and is known to have handled crises including the Kargil conflict of 1999, managing liquidity during the India Millennium Bond redemption in 2000, and the bankruptcy of Lehman brothers in 2008. Role as HDFC Bank Chairperson With effect from January 2, 2015, Shyamala Gopinath assumed charge as part-time Non-Executive Chairperson of HDFC Bank for a period of 3 years. She is a member of Audit Committee (Chairperson), Nomination and Remuneration Committee, Risk Policy and Monitoring Committee, Customer Service Committee (Chairperson) and Fraud Monitoring Committee (Chairperson) at the bank. Other Important positions She served on the Boards of State Bank of India Exim bank and National Housing Bank as nominee of Reserve Bank of India during her stint as Deputy Governor, RBI. She is Chairperson of the Corporate Bonds and Securitization Advisory Committee of SEBI since July 2011. She is a Non-Executive Independent Director of Tata Elxsi Limited since August 18, 2011. She served as a Chairperson of the Advisory Board on Bank Commercial and Financial Frauds of the Central Vigilance Commission from March 26, 2012 to March 26, 2014. She served as a Chairperson of The Clearing Corporation of India Limited from July 25, 2012 to July 25, 2015. She served as a part-time Non Official Independent Director of GAIL (India) Limited from February 29, 2012 to February 28, 2015. She served as an Independent Director of E.I.D. - Parry (India) Limited from January 30, 2014 to August 5, 2015. She served as an Independent Director of Indian Oil Corporation Limited from March 29, 2012 to June 25, 2015. She served as an Independent Director at National Stock Exchange of India Ltd., from January 2012 to February 2014. This raised the question of conflict of interest. She was appointed as Independent Non-Executive on the Global Advisory Council of Ernst and Young in September 2011. She was appointed as Independent director on the Board of BASF India Limited in 2019. She is the Chairperson of Indian Institute of Management Raipur. Speeches Shyamala Gopinath has given speeches in international and domestic fora. The topics range from approach to capital