• RBI Governor Shaktikanta Das named 'Governor of the Year' in London's Central Banking Awards

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    RBI Governor Shaktikanta Das named 'Governor of the Year' in London's Central Banking Awards

    Das, the 25th governor of the RBI, is a retired Indian Administrative Service (IAS) officer from the Tamil Nadu cadre. 


    Digital Desk: Shaktikanta Das,
    governor of the Reserve Bank of India (RBI), received the "Governor of the
    Year" award at the 2023 Central Banking Awards in London. The
    international economic research journal Central Banking is situated in London.



     



    After
    Raghuram Rajan, who was accorded the title in 2015, Das is the second RBI
    governor to earn the honour. Das "cement[ed] crucial reforms, oversaw
    world-leading payments innovation and steered India through trying times with a
    steady hand and well-crafted turn of phrase," according to the award's
    organisers.



     



    The
    organisers went on to say that Das' term, which started in 2018, "has been
    marked by a series of grave challenges, starting with the collapse of a major
    non-banking firm, moving through the first and second waves of the coronavirus,
    and then, in 2022, Russia's invasion of Ukraine and its inflationary impact."


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    The
    collapse of Infrastructure Leasing & Financial Services (IL&FS) in
    September 2018 caused a liquidity crisis in the Indian banking industry,
    according to the Central Banking Awards 2023 organisers. "A few other
    businesses failed in the ensuing months, including Punjab and Maharashtra
    Co-operative Bank, which had heavily lent to an infrastructure finance business
    that failed," they claimed.



     



    Das
    was also praised by the organisers for "appearing as a voice of calm amid
    the fear" during the Covid-19 pandemic. Das' hostility to crypto assets in
    India was also mentioned in the organisers' statement.



     



    Das,
    the 25th governor of the RBI, is a retired Indian Administrative Service (IAS)
    officer from the Tamil Nadu cadre. As the secretary for economic affairs,
    revenue, and fertilisers, among other positions, he has served the governments
    of the United States and Tamil Nadu.












     

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