In a respectful honour by a world financial analysis journal, RBI’s Shaktikanta Das was awarded “Governor of the Year” for 2023 by Central Banking. The RBI Governor’s management and decision-making, particularly on the turbulent occasions for the nation, have been counseled by the publication. From COVID-19 pandemic to inflation brought on by Russia-Ukraine battle, Das stood agency in his management throughout these occasions.
Das is simply the second Indian central financial institution governor to have obtained this award. Raghuram Rajan was the earlier winner in 2015.
Shaktikanta Das as RBI Guv
Shaktikanta Das has many feathers to his hat. As the governor of the Reserve Bank of India, he was confronted with excessive challenges, however world and nationwide. He was instrumental in implementing essential reforms, executing growth-oriented measures throughout COVID-19 pandemic and bringing forth modern fee options that strengthened India’s banking sector. He was praised for navigating between political pressures and financial disaster.
“Communication has been one of Das’s key strengths. He has been active in giving speeches and talking to the media. He has also implemented reforms to allow other senior officials to speak directly to the press,” the publication famous.
On the fee entrance, Das taken care of the undertaking to make India’s real-time gross settlement system function across the clock. The rollout of e-Rupee additionally passed off throughout Das’ tenure, for which the RBI is conducting trials.