Bhaskar Namdeo Adarkar MBE (18 May 1910[1] – 20 March 1998[2]) was the ninth Governor of the Reserve Bank of India from 4 May 1970 to 15 June 1970.

[4] Unlike his predecessors who were from the Indian Civil Service, Adarkar was an economist and had served in the office of the Economic Adviser of the Government of India.

In March 1947 before Indian independence he was appointed by the Government of India to create a health insurance scheme for industrial workers.

Due to their relative rarity, banknotes bearing his signature[8] are sold at a huge premium in grey market.

[citation needed] In March 1947, before India's independence, Adarkar had submitted a report to Government on health insurance scheme for industrial workers.