Will uphold autonomy, values of the institution: Top quotes by Shaktikanta Das as the new RBI Governor
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...