RBI governor Shaktikanta Das awarded ‘Governor of the Year’ award for 2023 by London's Central Banking
Das was appointed as the RBI Governor in 2018 at a time when India's major Non-Banking Financial Companies (NBFC) were in the doldrums, triggering a liquidity crunch.
The governor of the Reserve Bank of India, Shaktikanta Das, has been honoured with the title of 'Governor of the Year' for 2023 by Central Banking in London, an international economic research journal. Das bagged the award for his contribution to safeguarding the Indian economy amidst several global economic turmoils, and he has been acknowledged for his policy measures in dealing with inflation.
With this award, Das became the second Central Bank governor to be honoured with the award after Raghuram Rajan, who won the title in 2015.
Das was appointed as the RBI Governor in 2018 at a time when India's major non-banking financial companies (NBFC) were in the doldrums, triggering a liquidity crunch. Things got even worse as COVID-19 dealt a crushing blow to the Indian economy. At that time, India was already struggling with a liquidity crunch and loan defaults (as there was a growing trend of non-performing assets, or NPAs, in the banking sector during the COVID). After this, the global economic situation turned docile due to the Russia-Ukraine war. The Indian economy also faced major challenges like the depreciating value of its currency against the USD, growing inflation, and many more.
Under his leadership, the RBI implemented crucial reforms, innovative payment systems, and growth-oriented measures during such a period of crisis.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
01:50 PM IST