Shaktikanta Das, 61, who was top finance ministry bureaucrat during demonetisation, was appointed the central bank governor for a period of three years on Tuesday by the Narendra Modi government.
Former bureaucrat Shaktikanta Das on Wednesday assumed charge as the governor of the Reserve Bank of India (RBI) in less than 48 hours after Urjit Patel left the office. Das, 61, who was top finance ministry bureaucrat during demonetisation, was appointed the central bank governor for a period of three years on Tuesday by the Narendra Modi government.
After the appointment, Shaktikanta Das resigned as a member of the 15th Finance Commission. A 1980 batch IAS officer from Tamil Nadu cadre will be the 25th governor of the RBI. On Monday, Urjit Patel stepped down as RBI governor citing personal reasons. His resignation, however, followed strained relationship with the government over RBI’s autonomy.
After assuming charge Shaktikanta Das took to Twitter to thank people.
Assumed charge as Governor, Reserve Bank of India. Thank you each and everyone for your good wishes.
— Shaktikanta Das (@DasShaktikanta) December 12, 2018
Finance Minister Arun Jaitley termed Das as a person with “right credentials” for the RBI top job. “Das has been a very senior and an experienced civil servant. He has almost his entire career in the management of finances and economic management of the country both, when he was in the state government of Tamil Nadu and also when he was in the Government of India in the Ministry of Finance,” Jaitley said.