Shaktikanta Das also said he would extensively consult various stakeholders, including the government, on key issues
Latest New: Hours after assuming charge as governor of the Reserve Bank of India (RBI) on Wednesday, Shaktikanta Das spelt out his priorities, asserting that he would uphold the autonomy, credibility and integrity of the “great institution”. Das also said he would extensively consult various stakeholders, including the government, on key issues.
The former bureaucrat has replaced Urjit Patel, who abruptly resigned on Monday after a long-drawn feud with the government over issues related to governance and the autonomy of the central bank. “I will try to uphold professionalism, core values, credibility and the autonomy of the Reserve Bank as an institution,” Das said in his first media interaction as RBI governor.|New RBI Governor Shaktikanta Das
Suggesting his focus on the banking sector, Das said more measures were needed to revive lenders, and that he would meet heads of public sector banks on Thursday. According to banking sources, there is no specific agenda for the meeting, but the concerns over PCA (prompt corrective action) banks, stressed loans and capital adequacy are likely to come up for discussion.
Asked if Deputy Governor Viral Acharya remained in office, Das said, “He is still very much with the RBI. (I) just had tea with him.” There have been rumours about Acharya, whose speech on October 22 had brought the government-RBI stand-off out in open, putting in his papers.
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