Shaktikanta Das's tenure concludes as second-longest-serving RBI Governor: A timeline, ETCFO

Outgoing Governor of the Reserve Financial institution of India, Shaktikanta Das

After serving for six years with an illustrious profession, the Reserve Financial institution of India (RBI) Governor Shaktikanta Das hanged his boots.

The twenty fifth Governor of RBI is the second-longest-serving RBI governor after Benegal Rama Rau, who held the place for seven and a half years within the Nineteen Fifties.

From an IAS officer to turning into a non-economic background RBI Governor, who sailed the ship in powerful occasions like COVID, Das has a spread of medals to shine.

As the federal government has introduced the appointment of Sanjay Malhotra because the twenty sixth RBI Governor, here’s a fast take a look at the outgoing RBI Governor:

Additionally Learn: Who’s Sanjay Malhotra? RBI’s new Governor changing Shaktikanta Das

Born in 1957

Shaktikanta Das was born on February 26, 1957 in Bhubaneswar, Odisha in a modest family.

Schooling:

Das attended Demonstration Multipurpose College in Bhubaneswar. Later, he pursued historical past at St. Stephen’s School at Delhi College.

He’s additionally a retired Indian Administrative Providers (IAS) officer of Tamil Nadu cadre.

Some stories have additionally stated that Das went to pursue a course in Monetary Administration from IIM-Bangalore, and obtained a mid-career coaching from IIM Ahmedabad.

Shaktikanta Das as IAS:

Shaktikanta Das joined the Indian Administrative Providers (IAS) officer of Tamil Nadu cadre in 1980. He did some outstanding work in his tenure are the District Justice of the Peace in Dindigul and Kancheepuram.

He additionally served because the Particular Commissioner (Income) and Principal Secretary (Industries) for the Tamil Nadu authorities.

Additional within the Union Authorities, he was appointed because the Union Income Secretary in 2014.

Later in 2015, he assumed the function of Financial Affairs Secretary.

It’s to be highlighted that the final IAS officer to carry the workplace of RBI governor earlier than Das was D Subbarao.

Das and controversies throughout IAS tenure

In 2016, an argument from the previous cropped up. At the moment, he was serving because the financial affairs secretary.

The controversy was associated to land allotment to a US firm in Tamil Nadu. The US firm had obtained 100 acres of land about 50 km from Chennai in 2007 at a worth that allegedly existed in 1970.

Subramanian Swamy introduced out the cost of irregularities within the concessional land allotment, and accused Das of illegally favouring P Chidambaram, the Congress chief and former Union finance minister.

Das assumes cost as RBI chief in 2018

In was on December 12, 2018 when Shaktikanta Das was named because the Governor of RBI after Urjit Patel had resigned citing private causes.

Notably, Patel had resigned after months of bickering between the federal government and the RBI, and plenty of believed it was an final result of the dispute over the switch of surplus reserves to the federal government and liquidity for non-banking corporations.

Awards and achievements of Shaktikanta Das

Das has been awarded at a number of phases together with Status on World stage- IMF, G20, BRICS, SAARC.

He has additionally been honoured with the title of ‘Governor of the 12 months’ for 2023 by Central Banking in London.

Additional, Shaktikanta Das has additionally been thought to be the High Central Banker by World Finance Central Banker Report Playing cards 2024 for the second consecutive yr.