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Will uphold the credibility of RBI: new Gov Das

Will uphold the credibility of RBI: new Gov Das
Shaktikanta Das (File)
New Delhi, Dec 12 (AGENCIES) | Publish Date: 12/12/2018 11:58:23 AM IST

Former Economic Affairs Secretary Shaktikanta Das on Wednesday took charge as RBI Governor.

“I will try to uphold the credibility and autonomy of a great institution that the RBI is and will take measures which the economy requires in a timely manner. I wouldn’t go into issues between RBI and government but every institution has to maintain its autonomy and also adhere to accountability,” he said.

“I will meet public sector bank chiefs in a few days,” he added. 

Das replaces Urjit Patel who resigned on December 10, citing personal reasons. He reportedly had a face-off with the government over issues related to governance and autonomy of the central bank.In a tweet, Das said, “Assumed charge as Governor, Reserve Bank of India. Thank you each and everyone for your good wishes.” Union Finance Minister Arun Jaitley termed Das a person with “right credentials” for the RBI’s top job. “Das has been a very senior and an experienced civil servant. He has almost his entire career in the management of finances and economic management of the country both, when he was in the State government of Tamil Nadu and also when he was in the Government of India in the Ministry of Finance,” Jaitley said. Das, who becomes the 25th Governor of the RBI, is a former IAS officer of Tamil Nadu cadre.

 

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