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Shaktikanta Das is a retired 1980 batch Indian Administrative Service (IAS) officer of the Tamil Nadu cadre, who is currently serving as the 25th Governor of the Reserve Bank of India (RBI). He was appointed the Governor of the central bank in December 2018. His tenure was recently increased by three years “beyond 10.12.2021 or until further orders” by the Appointments Committee of the Cabinet. In his capacity as the RBI Governor, Das has played an important role in steering the country through the economic crisis that befell after the outbreak of the coronavirus pandemic. Several measures were announced by the RBI under his guidance to help the country regain its financial stability and stay afloat through the global health crisis. While serving as an IAS officer, Shaktikanta Das had worked for both the Government of India and the Tamil Nadu government in various capacities, such as, the Economic Affairs Secretary, the Revenue Secretary, and Fertilizers Secretary. He had also served as India’s Alternate Governor in the World Bank, ADB, NDB, and AIIB. He had also served as a member of the Fifteenth Finance Commission of India. Additionally, the RBI Governor has represented India in various international forums such as the International Monetary Fund, G20, BRICS, SAARC, etc. More
Jan 27, 2023 03:40 PM ISTIndia's average current account deficit stands at 3.3% of GDP for the first six months of 2022/23.
Jan 27, 2023 02:11 PM IST RBI Governor Shaktikanta Das said core inflation remains sticky even though headline numbers softened in the months of November and December.
Jan 16, 2023 07:00 PM IST Budget 2023: After RBI Governor Shaktikanta Das again highlighted the regulatory and fundamental problems with cryptocurrencies, experts now expect additional regulatory measures for the sector in the Union Budget
Jan 13, 2023 06:34 PM IST Under the rule, the Monetary policy committee (MPC) needs to keep inflation in a 2% to 6% band with a target on 4%.
Jan 06, 2023 11:30 AM IST Das was speaking at the launch of a book by the International Monetary Fund on South Asia.
Dec 29, 2022 07:21 PM IST To avoid spillovers of crypto volatility and its systemic failures into formal financial system, there needs to be a common global approach, the report said. Under India’s G20 presidency, working on a global crypto framework will remain one of the priorities.
Dec 29, 2022 02:23 PM IST The former planning commission deputy chairman says a rising currency is an “absurd outcome” for a country that is running a current account deficit.
Dec 26, 2022 08:40 AM IST Divergences and dissent emerge during periods of economic recovery as emerging data is conflicting
Dec 21, 2022 05:36 PM IST The MPC hiked the repo rate by 35 bps in the meeting taking the policy repo rate to 6.25 percent to fight persistently high inflation.
Dec 21, 2022 03:25 PM IST An interviewer anchoring a fireside chat at a summit organised by Business Standard compared his position to an opponent facing Messi at a football arena in Qatar, to which Das replied with wit.
Dec 21, 2022 02:13 PM IST Speaking at the BFSI Insight Summit 2022 organised by Business Standard, Das said the government is "equally serious" about taming inflation.
Dec 21, 2022 12:20 PM IST Speaking at the BFSI Insight Summit 2022 organised by Business Standard, Das said the RBI tracks 70 fast moving indicators and most of them are in the "green box".
Dec 21, 2022 11:50 AM IST IBC was introduced in 2016 to fast-track the resolution of banks' non-performing assets
Dec 21, 2022 11:29 AM IST Reserve Bank of India governor Shaktikanta Das also added that cryptocurrencies have no underlying value and pose risks for macroeconomic and financial stability.
Dec 19, 2022 12:50 PM IST The biggest and most damning enemy of the central bank remains inflation in 2023. Crypto regulations are next.
Dec 16, 2022 06:21 PM IST The 599th meeting of the Central Board of Directors of Reserve Bank of India (RBI) took place in Kolkata under the chairmanship of Governor Shaktikanta Das
Dec 14, 2022 04:13 PM IST In the meeting, RBI Governor Shaktikanta Das advised fintechs to pay close attention to governance, business conduct, data protection, customer centricity, regulatory compliance and risk mitigation frameworks.
Dec 13, 2022 12:54 PM IST "The RBI should seriously think whether it wants to continue on its current path, because when you raise interest rates they get transmitted to borrowers rather easily. But when you reduce them the transmission takes longer. We ought to bear that in mind," the former Vice-Chairman of Niti Aayog said.
Dec 09, 2022 02:43 PM IST The press conferences by RBI governor Shaktikanta Das are in stark contrast with those of his predecessors. Those were dull affairs. Das loves to take questions.
Dec 07, 2022 08:48 PM IST The RBI has been acting aggressively to tackle a persistently high inflation and has so far refused to lower the guard on price stability
Dec 07, 2022 06:58 PM IST Our specially curated package of the most interesting articles to help you stay at the top of your game
Dec 07, 2022 05:13 PM IST Since the launch of the pilot programe of the retail central bank digital currency, there has been some confusion about where the digital currency and UPI fit.
Dec 07, 2022 03:06 PM IST RBI Deputy Governor T Rabi Sankar separately explained that retail CBDC can have multiple use cases and its evolution will depend on how the Indian startup and fintech ecosystem innovates
Dec 07, 2022 01:05 PM IST UPI currently includes functionality to process payment mandates for recurring as well as single-block-and-single-debit transactions. The new facility will enable a customer to block funds in his/her account for specific purposes, which can be debited whenever needed.
Dec 07, 2022 01:05 PM IST RBI Governor Shaktikanta Das on December 7 announced that five out of six members of the MPC opted to go for a hike in the rate during the meeting.
