Rbi governor of india

LONDON: The Central Banking Awards 2023 winners were announced in late March this year. Two top prizes went to the National Bank of Ukraine -- the 2023 Central Bank of the Year and the Reserve Bank of India's Shaktikanta Das -- Governor of the Year. He has been recognised for his role during Covid-19, the Russia-Ukraine war, and the subsequent fight against inflation. India has topped among the countries whose inflation is under control and the growth prospects bright. The RBI governor is currently in London. On Tuesday, he participated in and addressed the opening plenary session of summer meetings organised by Central Banking, London, UK. "The RBI governor has cemented critical reforms, overseen world-leading payments innovation and steered India through difficult times with a steady hand and well-crafted turn of phrase," Central Banking said in March. Shaktikanta Das (a retired IAS officer), former secretary of the Department of Revenue and Department of Economic Affairs under the Ministry of Finance, assumed charge as the 25th governor of the Reserve Bank of India on December 12, 2018. Prior to becoming the RBI head, he was a member of the 15th

Reserve Bank of India governor Shaktikanta Das was honoured with the title of ‘Governor of the Year’ for 2023 by Central Banking in London. The organisers of the awards said that Shaktikanta Das “cemented critical reforms, overseen world-leading payments innovation, and steered India through difficult times with a steady hand and well-crafted turn of phrase”. Wishes poured in from all quarters after news of the award emerged on Wednesday. The RBI governor is behind critical reforms, and has ensured smooth management of world-leading payments innovation and led India through difficult times, said the organisers. “The RBI governor has cemented critical reforms, overseen world-leading payments innovation and steered India through difficult times with a steady hand and well-crafted turn of phrase," the organisers said in a statement. He was recommended for the award by the publication in March 2023. He was awarded the title for his leadership of the central bank during global turmoil and tough situations. He managed India’s central bank, and ultimately the whole banking system with finesse during the COVID-19 pandemic, significant non-banking companies, the Russia-Ukraine war, etc. Shaktikanta Das held the position in December, 2018. Months before his appointment, India’s major Non-Banking Financial Company (NBFC) went bankrupt, triggering a liquidity crunch. The NBFC fallout also revealed huge deficiencies in the business models of several mid-sized banks that were heavily de...

Servingwith Anoop Chand Appointed by (then, Chairman Succeeded by In office 31 August 2015–28 May 2017 Appointed by Minister Preceded by Succeeded by In office 16 June 2014–31 August 2015 Appointed by Minister Preceded by Rajiv Thakur Succeeded by In office 12 June–12 June Appointed by Personal details Born ( 1957-02-26) 26 February 1957 (age66) ( ( Occupation Retired Profession Signature Shaktikanta Das (born 26 February 1957) is serving as the current & 25th Finance Commission and India's batch During his career as an IAS officer, Das served in various capacities for Early life and education [ ] Born in Career as an IAS officer [ ] Das served in various positions for both the Das also had a stint with Mahindra Industrial Park Ltd ( 6(2)(ii) of the Indian Administrative Service (Cadre) Rules, 1954. Revenue Secretary [ ] Das was appointed Economic Affairs Secretary [ ] Das was appointed extension by the government. During his tenure as Finance Commission [ ] Post his retirement from the IAS, Das was appointed a member of the Finance Commission by the ACC. Finance Commission. Governor of Reserve Bank of India [ ] Das was appointed years, replacing Das' appointment as RBI governor received mostly positive responses, On the other hand, Nobel laureate and professor at the Das assumed charge as RBI governor on 12 December 2018. points and points. As RBI governor, Das serves as the ex-officio chairperson of the He was conferred the 'Central Banker of the Year, Asia-Pacific 2020'...

Synopsis The disinflation process in India will be slow and protracted, with the 4 per cnet inflation target likely to be met only over the medium term, Reserve Bank of India (RBI) Governor Shaktikanta Das said at the Summer Meetings organised by Central Banking, London, UK. Latest data showed India's annual retail inflation cooled to 4.25% in May from 4.7% in April "Our approach towards maintaining the stability of the Indian financial system is integral to our conduct of monetary policy as financial instabilities can undermine economic growth and impede monetary policy transmission," Das said. "We recognise that the likelihood of financial turbulence would be high if there is no price stability,” he added. The RBI’s rate-setting panel prioritised economic growth during the pandemic years even as inflation remained above the target but within the tolerance band. India’s GDP contracted 5.8 per cent in FY21 but grew 9.1 per cent in FY22 and 7.2 per cent in FY23. “Given our population and large addition to the work force every year because of the demographic dividend we cannot be oblivious to growth concerns,” Das said. The government’s continued thrust on capital expenditure is creating additional capacity and nurturing the much-awaited revival in the corporate investment cycle, Das said. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. • Debt not a concern at all: Anil Agarwal • Cyclone: Visuals from Gujarat, Maharashtra • 'Prudent f...

“As per our current assessment, the disinflation process is likely to be slow and protracted with convergence to the inflation target of 4 percent being achieved over the medium-term,” Das said in his address at the Summer Meetings organised by Central Banking in London. He said there have been signs of some softening in inflation in recent months, with the consumer price inflation coming down from the 7.8% peak in April 2022. The RBI’s inflation projection for the current financial year 2023-24 is lower at 5.1%, but reminded that the number will still be above the 4% target. As per the official data released on Monday, the headline inflation has eased to 4.25% for May. MUMBAI: The Reserve Bank of India expects the disinflation process in the country to be slow. With Gross Domestic Product (GDP) growth of 6.5% in the current fiscal, India will remain among the fastest-growing large economies, said RBI governor Shaktikanta Das on Tuesday. “As per our current assessment, the disinflation process is likely to be slow and protracted with convergence to the inflation target of 4 percent being achieved over the medium-term,” Das said in his address at the Summer Meetings organised by Central Banking in London. He said there have been signs of some softening in inflation in recent months, with the consumer price inflation coming down from the 7.8% peak in April 2022. The RBI’s inflation projection for the current financial year 2023-24 is lower at 5.1%, but reminded that the numb...

MUMBAI, Oct 29 (Reuters) - India has re-appointed central bank governor Shaktikanta Das for three more years or until further orders, in a move welcomed on Friday by markets and economists. Under Das, the Reserve Bank of India (RBI) has cut key interest rates to record lows and infused massive rupee liquidity into the banking system to shore up an economy hit by the COVID-19 pandemic. The cabinet's appointments committee approved the decision to re-appoint Das late on Thursday. He first took the helm in December 2018, moving from the position of secretary of the department of economic affairs in the finance ministry. The extension is longer than the norm of a two-year term in the last two decades but analysts said that was probably because of the economic situation and the work Das has done. The move is a sign of the government's "continued trust", wrote Barclays economist Rahul Bajoria. "Under Governor Das, the central bank has done the heavy lifting to support the economy through the COVID crisis, with fiscal policy playing a supportive role," he added. "We also view the governor's reappointment as a vote of confidence in the RBI's policy stance." The central bank has also played a key role in ensuring the government's massive market borrowing programme to support the economy during the pandemic went smoothly without much disruption to markets. The rupee was trading stronger at 74.74/75 per dollar by 0600 GMT from its close of 74.92, while the benchmark 10-year bond yiel...

RBI Governor Shaktikanta Das was honoured with the title of ‘Governor of the Year’ for 2023 by Central Banking in London. Das has been awarded the title for his leadership of the central bank during global turmoil and tough situations. “The RBI governor cemented critical reforms, overseen world-leading payments innovation, and steered India through difficult times with a steady hand and well-crafted turn of phrase,” said the organisers of the awards. The organisers further said the RBI governor is behind critical reforms and has ensured smooth management of world-leading payments innovation and led India through difficult times. They credited Das for shepherding the bankruptcy code back into legality, pushing banks to raise more capital, restructuring the RBI to create a standalone supervision department and establishing a College of Supervisors to train the next generation. The organisers also credited the RBI governor for “appearing as a voice of calm amid the fear” during the COVID-19 pandemic and steering the central bank deftly between intense political pressure and economic disaster. The RBI governor has also been credited for overseeing the project around UPI, and pushing the country on the forefront of the pack of central bank digital currency (CBDC). The statement also mentioned Das’ opposition to crypto assets in India. Das, who took the charge of the post in December, 2018, is the second Central Bank governor to be honoured with the award after Raghuram Rajan, w...