Shaktikanta das

Reserve Bank of India (RBI) Governor Shaktiknata Das poses for photos after receiving the 'Governor of the Year' award by Central Banking, in London, United Kingdom, Tuesday.(PTI) Das was conferred the award by 'Central Banking' which definitively covers and analyses issues around the world’s central banks and financial regulators following the summer meetings of the organisation in London on Tuesday. When the award was announced in March, the organisers said that Also Read: “COVID had a devastating impact worldwide, and densely populated India looked particularly vulnerable. It was in managing this crisis that Das had perhaps his greatest impact, appearing as a voice of calm amid the fear, and steering the RBI deftly between intense political pressures on one side and economic disaster on the other,” ‘Central Banking’ said in a statement. “COVID-19 was no doubt the biggest crisis Das has faced so far as RBI chief. But his tenure, which began in December 2018, has been marked by a series of grave challenges, starting with the collapse of a major non-bank firm, moving through the first and second waves of the coronavirus, and then, in 2022, Russia’s invasion of Ukraine and its inflationary impact,” it said. Also Read: In his plenary address entitled ‘Central Banking in Uncertain Times: The Indian Experience’ on Tuesday, Das, 66, noted how central banks as at the core of monetary and financial systems have been called to do “heavy lifting” well beyond their traditional manda...

The chief of the Reserve Bank of India, Shaktikanta Das was honoured with the title of ‘Governor of the Year’ for 2023 by Central Banking in London. Central Banking is an international economic research journal. The award recognised his role as the RBI chief in managing inflation and skilfully handling India's banking system during crises like COVID pandemic and global turmoils. "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. Also Read: 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 COVID-19 pandemic, significant non-banking companies, Russia-Ukraine war, etc. Shaktikanta Das steered India through COVID Pandemic and IL&FS crisis 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 who were heavily dependent on NBFCs. Afterwards, several other banks like Punjab and Maharashtra Co-operative Bank, also collapsed. Also Read: Moreover, he is the second Central Bank g...

• RBI Governor Shaktikanta Das received the 'Governor of the Year' award at the Central Banking Awards 2023 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 Reserve Bank of India (RBI) Governor Shaktikanta Das received the 'Governor of the Year' award at the Central Banking Awards 2023 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 statement added that Das’ tenure that began in 2018, “has been marked by a series of grave challenges, starting with the collapse of a major non-bank firm, moving through the first and second waves of the coronavirus, and then, in 2022, Russia’s invasion of Ukraine and its inflationary impact”. They also spoke of “new concerns” about the risk of exposures and potential contagion risks linked to the public sector bank loans to companies such as Adani Group whose shares plunged following the Hindenburg report. A proud moment for India and all Indians. In the statement, the Central Banking Awards 2023...

Assuming the position of RBI governor in December 2018, Das faced a challenging situation as one of India's major Non-Banking Financial Companies (NBFCs) went bankrupt, triggering a liquidity crunch. This event exposed significant flaws in the business models of several mid-sized banks that heavily relied on NBFCs. Subsequently, other banks, including Punjab and Maharashtra Co-operative Bank, also faced collapse.

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...

The Government of India has extended the tenure of Reserve Bank of India (RBI) governor Shaktikanta Das for period of three years, through an order issued late on Friday. “The Appointments Committee of the Cabinet has approved the reappointment of Shaktikanta Das, lAS Retd. (TN:80) as Governor, Reserve Bank of India for a period of three years beyond 10.12.2021 or until further orders, whichever is earlier,” read the order. Mr Das was appointed as RBI’s 25th governor on December 11, 2018 for a period of three years, after the then governor Urjit Patel resigned before the end of his term. Prior to that, Mr. Das had served as Revenue Secretary and Economic Affairs Secretary in the Ministry of Finance. With the extension, the former IAS officer of Tamil Nadu cadre will head the RBI till December, 2024. He is the first RBI Governor to get extension after the BJP-led government came to power in 2014. Mr. Das, 1980 batch officer, played an important role in steering the economy during the COVID-19 period. Under his leadership, RBI announced more than 100 measures to maintain financial stability and push growth during the unprecedented crisis. To steer the economy out of the woods, triggered by a once-in-a-century pandemic, he took both conventional and unconventional measures. The Monetary Policy Committee (MPC) headed by him brought down the benchmark interest rate to record low of 4 per cent last year in May, and since then it has maintained an accommodative stance to support ...

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...