35.6 C
Delhi
Saturday, July 19, 2025

RBI Governor Shaktikanta Das becomes ‘Governor of the Year’ in London

Date:

Share post:

Donate-GC-Razorpay

The Governor of the Reserve Bank of India (RBI), Shaktikanta Das, has been felicitated with the ‘Governor of the Year’ award at the Central Banking Awards, 2023, in London, UK. Central Banking is an international economic research journal based in London. Prior to Das, it was Raghuram Rajan who was awarded with the title back in 2015. It was stated at the event that Das cemented critical reforms, oversaw world-leading payment innovation, and steered India through difficult times with a steady hand and well-crafted turn of phrase.

Das was also called a ‘voice of calm amid the fear’ during the COVID-19 pandemic.

“Shaktikanta Das’s tenure since 2018 has been marked by a series of grave challenges, starting with the collapse of a major non-banking firm, moving through the first and second waves of the coronavirus, and then, in 2022, Russia’s invasion of Ukraine and its inflationary impact”, the organizers of the award said.

The organizers also touched upon the September, 2018 collapse of the Infrastructure Leasing and Financial Services (IL&FS), which had led to a liquidity crunch in the Indian banking system. They also added that apart from the same, a handful of other firms collapsed in the months later, including the Punjab and Maharashtra Co-operative Bank, which had lent a significant amount to an infrastructure finance firm that went into the doldrums.

Sonakshi Datta
Sonakshi Datta
Journalist who wants to cover the truth which others look the other way from.

Related articles

Missiles in the Monsoon: India Tests Its Arsenal, But Who Should Fear?

A Thunderclap Over the BayIt was a humid monsoon morning at Chandipur, Odisha. A lone myna bird...

Bangladesh on the Brink: A Nation Struggles with Its Past, Present, and Future

A Land Stirred by Memory and MovementIn the heartland of Gopalganj, where the scent of jute fields...

Creating history, Indian astro and three other AX 4 ISS mission crew set for splashdown

Chennai: As the entire world is waiting with bated breadth, the four member crew of Axiom Mission AX-4...

Yogi sets 10% contribution to national economy target by 2026

Lucknow:  Describing the state's economic journey as a transition from "possibilities to results," Uttar Pradesh Chief Minister Yogi...