RBI head Shaktikanta Das recognized with 'Governor of the Year' award in London

Shaktikanta Das, Governor of RBI, was recognized as ‘Governor of the Year’ for 2023 by Central Banking in London. The Central Banking is a global economic research journal.

Das had been recognized for his role as the RBI chief in managing inflation and skillfully handling India's banking system during crises like COVID pandemic and global turmoil.

In March the award was announced and the organizers said that the Reserve Bank of India Governor is being honoured because he has cemented critical reforms, overseen world-leading payments innovation and steered India through difficult times with a steady hand and well-crafted turn of phrase.

“COVID had a devastating impact worldwide, and densely populated India looked particularly vulnerable. It was in managing this crisis that Das had perhaps his greatest impact, appearing as a voice of calm amid the fear, and steering the RBI deftly between intense political pressures on one side and economic disaster on the other,” ‘Central Banking’ said in a statement.

He was recommended for the award by the publication in March 2023. He was awarded due to leadership of the RBI through global turmoil and difficult situations. During COVID-19 pandemic, significant non-banking companies, Russia-Ukraine war, etc., he skillfully handled the central bank, and ultimately the whole banking system.