RBI Governor Shaktikanta Das Named 'Governor Of The Year' At Central Banking Awards 2023 | Check Photos

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. (Image: RBI)

The statement added that since 2018 when Das took over the charge of RBI Governer, he tenure “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”. (Image: PTI)

At the time of writing, there are new concerns about the risk exposures and potential contagion risks linked to public sector bank loans to companies linked to billionaire industrialist Gautam Adani, the Central Banking, an international economic research journal, said. (Image: RBI)

Das was recommended for the award by the publication in March 2023. The organisers spoke about the IL&FS collapse that led to liquidity crunch and shortcomings in business models of several banks. (Image: RBI)

On Tuesday, in his opening plenary address at the Summer Meetings organised by Central Banking in London, the RBI governor said, As per our current assessment, the disinflation process is likely to be slow and protracted with convergence to the inflation target of 4 per cent being achieved over the medium-term. (Image: RBI)

Earlier this month the six-member Monetary Policy Committee of the Reserve Bank of India kept the policy repo rate unchanged at 6.5 per cent in a unanimous decision. Governor Shaktikanta Das said that the central bank has retained the withdrawal-of-accommodation stance. (Image: RBI)