In Central Banking Awards 2023

RBI Governor Shaktikanta Das has been named as the Governor of the Year in the Central Banking Awards 2023.

LONDON, Mat 17 (The CONNECT) -RBI Governor Shaktikanta Das has been named as the Governor of the Year in the Central Banking Awards 2023.

Shaktikanta Das The RBI governor has cemented critical reforms, overseen world-leading payments innovation and steered India through difficult times with a steady hand and well-crafted turn of phrase, Central Banking.Com said.

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Prime Minister Narendra Modi said in his tweet: It is a matter of immense pride for our country that the @RBI Governor, Shri Shaktikanta Das Ji has been conferred with the ‘Governor of the year’ Award in the Central Banking Awards 2023. Congratulations to him.

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In the awards announcement it said: On March 27, 2020, Reserve Bank of India governor Shaktikanta Das presented a monetary policy decision. Unusually, he did so to a room devoid of journalists. With Covid-19 spreading worldwide, the RBI’s monetary policy committee (MPC) had just held an emergency meeting and chosen to cut the policy rate by 75 basis points. Key staff had moved to an off-site ‘war room’ a few days earlier to keep critical functions operating as India entered lockdown.

“A war effort has to be mounted, and is being mounted, to combat the virus, involving both conventional and unconventional measures in continuous battle-ready mode,” Das said in the live-streamed address. “Life in the time of Covid-19 has been one of unprecedented loss and isolation. Yet, it is worthwhile to remember that tough times never last; only tough people and tough institutions do.”

It was one of the first deployments of a style of language that became a Das signature – offering not just reassurance that the RBI had the technical capabilities to master the situation, but also a human connection, recognising the anxiety and fear a billion people faced.

Details of the announcement here.