Shaktikanta Das becomes new RBI governor after Urjit Patel

New RBI Goernor: Former finance secretary and current member of the finance commission Shaktikanta Das has been appointed as the Governor of the Reserve Bank of India (RBI).

Shaktikanta Das becomes new RBI governor after Urjit Patel
Shaktikanta Das Image: PTI File
Written By: ZeeBiz WebTeam
Updated: Tue, Dec 11, 2018
10:02 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Petrol, Diesel price: Will fuel rates be cut? What RBI Governor Shaktikanta Das has to say Petrol, Diesel price: Will fuel rates be cut? What RBI Governor Shaktikanta Das has to say
HDFC VC and CEO Keki Mistry, in chat with Anil Singhvi, reveals his views on Monetary policy announcements HDFC VC and CEO Keki Mistry, in chat with Anil Singhvi, reveals his views on Monetary policy announcements
RBI monetary policy: Imperative that investor base is broadened, says Shaktikanta Das RBI monetary policy: Imperative that investor base is broadened, says Shaktikanta Das
Monetary Policy to trigger growth, says Ajay Bagga; extending MSF for 6 months is good too, he tells Anil Singhvi Monetary Policy to trigger growth, says Ajay Bagga; extending MSF for 6 months is good too, he tells Anil Singhvi
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

New RBI Goernor: Former finance secretary and current member of the finance commission Shaktikanta Das has been appointed as the Governor of the Reserve Bank of India (RBI). Zee Business TV had reported yesterday that Das was the frontrunner for the post. Another name reportedly being considered by the government was of RBI deputy Governor  N. S. Vishwanathan. On Monday, RBI governor Urjit Patel shocked everyone with his unexpected resignation announcement. 

"On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years. The support and hard work of RBI staff, officers and management has been the proximate driver of the Bank’s considerable accomplishments in recent years. I take this opportunity to express gratitude to my colleagues and Directors of the RBI Central Board, and wish them all the best for the future," Patel said in a statement.

There is the Zee Business tweet:

Das is a former civil servant and also a member of the 15th Finance Commission. He was appointed as India’s G20 Sherpa till December 31, 2018 for the Development Track of the G20.

Das is a former secretary at India`s department of economic affairs. He was appointed governor for a period of three years, reported Reuters.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.