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
By ZeeBiz WebTeam
Updated: Tue, Dec 11, 2018
10:02 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Fintech firms hail RBI's decision to review RTGS, NEFT charges - Who said what Fintech firms hail RBI's decision to review RTGS, NEFT charges - Who said what
SBI vs ICICI Bank vs BoB vs HDFC Bank: When will your home loan EMIs get cheaper post RBI rate cut? SBI vs ICICI Bank vs BoB vs HDFC Bank: When will your home loan EMIs get cheaper post RBI rate cut?
RBI MPC Meeting: SBI hails RBI for allowing more lendable resources to retail banks RBI MPC Meeting: SBI hails RBI for allowing more lendable resources to retail banks
RBI Monetary Policy: Shaktikanta Das says closely monitoring NBFCs, HFCs - Here's how they reacted RBI Monetary Policy: Shaktikanta Das says closely monitoring NBFCs, HFCs - Here's how they reacted
RBI rate cut: Day when India saw 5.75% rate after 9 years! What has changed and what it means for the common man RBI rate cut: Day when India saw 5.75% rate after 9 years! What has changed and what it means for the common man

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.