Shaktikanta Das was awarded the title 'Governor of the Year' for 2023 by Central Banking.

* The Reserve Bank of India Governor, Shaktikanta Das has been awarded the title 'Governor of the Year' for 2023 by Central Banking, an international economic research journal.

* Das was commended by the publication for his unwavering leadership during difficult periods, such as the failure of a significant non-banking company, the COVID-19 pandemic's initial and second waves, and the inflationary effects caused by Russia's invasion of Ukraine.

* This is the second time that an Indian central bank governor has received this award, with Raghuram Rajan being the previous winner in 2015.

* Das's leadership at RBI was instrumental in implementing crucial reforms, innovative payment systems, and growth-oriented measures during the pandemic.

* He skillfully navigated between political pressures and economic crises, earning praise for his efforts.

* Das ensured that most of the RBI's COVID-19 interventions had a "sunset clause" and provided targeted liquidity to vital sectors, foreign exchange, and state governments with more favourable overdraft facilities.

* The National Bank of Ukraine was also awarded the Central Bank of the Year award.

* However, given Das's leadership during a time of crisis and his significant contributions to India's economic reforms, he was deemed a deserving recipient of the coveted Governor of the Year award...

Source : Mint