Shaktikanta Das
Shaktikanta Das has been appointed as RBI Governor due to sudden resignation of Urijit Patel due to personal reasons on 10 December 2018. He earlier was Secretary, Department of Economic Affairs. Seen in In the File picture- Das is seen inaugurating the International Monetary Fund (IMF)’s South Asia Regional Training and Technical Assistance Centre (SARTTAC), in New Delhi on February 13, 2017.

Shaktikanta Das succeeds Urijit Patel as new RBI Governor

Shaktikanta Das has been appointed as RBI Governor due to sudden resignation of Urijit Patel due to personal reasons on 10 December 2018. He earlier was Secretary, Department of Economic Affairs. Industry Chambers have welcomed the move anticipating it to lend stability

Industry Chambers on New RBI Governor:

  • “It’s a great choice. Das has a 360-degree understanding of the financial issues facing the Indian economy and he also understands global issues due to his involvement with G20. The wide-ranging experience in handling the economic matters will certainly help Mr Das in dealing with the critical issues facing the economy. We need to bring down the real interest rates, improve liquidity and promote growth and employment. Improving credit flow to the real economy, especially in sectors like MSME and housing is critical at this juncture”: Rashesh Shah, President, FICCI

  • “CII congratulates Shaktikanta Das on appointment as the new RBI Governor. The quick appointment of the new RBI Governor has come as a huge sentiment booster to industry. The announcement enables a smooth transition process and ensures that stability will be maintained. The Government, in selecting an experienced economic expert, has avoided disruption and imparted huge confidence to  investors and industry. We in Industry, are confident that the liquidity squeeze in the banking and non-banking financial sector which is spilling over into the various segments of industry would be taken up with all urgency by Mr Das and there would be seamless flow of credit to industry and trade, especially to the MSMEs. CII welcomes the Government’s decision and looks forward to working with Das”: Rakesh Bharti Mittal, President, CII on the appointment of Mr Shaktikanta Das as new RBI Governor

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