New Delhi, Dec 11, 2018 : Former economic affairs secretary Shaktikanta Das has been appointed Governor of Reserve Bank of India, according to news reports. He replaces the central bank governor Urjit Patel who has resigned citing personal reasons.
Das is a member of the Finance Commission of India and the government’s representative at the Group of 20 summits.
A retired IAS officer, Das was initially brought to the finance ministry to lead its revenue department and was later moved to economic affairs, where he helped to spearhead the Prime Minister Narendra Modi’s controversial notes ban decision in 2016.
A protracted tiff between the government and the Reserve Bank of India (RBI) climaxed on Monday when Urjit Patel resigned, days before a board meeting where he would have faced intense pressure.