Shaktikanta Das becomes new RBI governor after Urjit Patel

New RBI Goernor: Former finance secretary and current member of the finance commission Shaktikanta Das has been appointed as the Governor of the Reserve Bank of India (RBI). Zee Business TV had reported yesterday that Das was the frontrunner for the post. Another name reportedly being considered by the government was of RBI deputy Governor  N. S. Vishwanathan. On Monday, RBI governor Urjit Patel shocked everyone with his unexpected resignation announcement. 

"On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years. The support and hard work of RBI staff, officers and management has been the proximate driver of the Bank’s considerable accomplishments in recent years. I take this opportunity to express gratitude to my colleagues and Directors of the RBI Central Board, and wish them all the best for the future," Patel said in a statement.

There is the Zee Business tweet:

#ZBizImpact | ज़ी बिज़नेस की खबर पर लगी मुहर..10 दिसंबर को ही #ZeeBusiness ने बताया था #ShaktikantaDas होंगे नए RBI गवर्नर।#NewRBIGovernor @AnilSinghviZEE @SwatiKJain pic.twitter.com/VsfQU89daj

— Zee Business (@ZeeBusiness) December 11, 2018

Das is a former civil servant and also a member of the 15th Finance Commission. He was appointed as India’s G20 Sherpa till December 31, 2018 for the Development Track of the G20.

Das is a former secretary at India`s department of economic affairs. He was appointed governor for a period of three years, reported Reuters.