Newly appointed Reserve Bank of India (RBI) governor Shaktikanta Das interacts with the media at the RBI headquarters in Mumbai. Here are the top quotes...
Former Economic Affairs Secretary Shaktikanta Das on Wednesday assumed charge as the RBI Governor. He replaces Urjit Patel who abruptly resigned amid a face-off with the government over issues related to governance and autonomy of the central bank.
Shaktikanta Das will be the first bureaucrat to head the central bank in almost five years.
(Read more: Shaktikanta Das named new RBI Governor: 10 things to know)
While it was widely expected that the government will name an interim RBI head during its search for Patel's replacement, the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi chose Shaktikanta Das within a day.
Das will have a three-year term, an official order said.
(Read more: 5 tweets by new RBI governor Shaktikanta Das will tell you what he thinks about India's economic issues)
Das, a 1980-batch Tamil Nadu cadre IAS officer, who retired as Economic Affairs Secretary in May 2017, oversaw the re-monetisation of the economy after the shock decision to withdraw 86 per cent of the currency in circulation in November 2016.
Newly appointed Reserve Bank of India (RBI) governor Shaktikanta Das interacts with the media at the RBI headquarters in Mumbai. Here are the top quotes...
1. Quote 1
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"Assumed charge as Governor, Reserve Bank of India. Thank you each and everyone for your good wishes," Das said in a tweet.
2. Quote 2
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"I would not like to go into what the issues between the government and the RBI are but every institution has to maintain its autonomy and also adhere to accountability."
3. Quote 3
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Shaktikanta Das said, "will try and uphold professionalism, core values, credibility and autonomy of this institution. It’s an honour and great opportunity to serve RBI.
4. Quote 4
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"I will try my best to work with everyone and work in the interest of Indian economy."
5. Quote 5
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Das explained that banking sector is his big priority by saying, "I have convened a meeting with CEOs & MDs of public sector banks tomorrow morning. Banking is an important segment in our economy&it’s facing several challenges that need to be dealt with. It's the banking sector on which I’d like to focus immediately".
6. Quote 6
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"All issues can be resolved through discussions...Independence of RBI as an institution is very important and it will remain intact."
7. Quote 7
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Ahead of the November retail inflation data scheduled to be released later in the day, he said, "Inflation targeting very important component of RBI functioning. The outlook looks fairly benign at this stage. I will be watchful of the developments."
8. Quote 8
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"In a few days, will convene a meeting with the MDs and CEOs of the public sector banks which are based out of Mumbai"
9. Quote 9
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"I am open to discuss all issues with PSU bank."
10. Quote 10
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"Decision making has become far more complex in this dynamic world."
