After six years at the helm of rbi shaktikanta das passes the baton
Shaktikanta Das took over as RBI Governor in December 2018 after Urjit Patel had quit unexpectedly, citing personal reasons. Das has had a challenging tenure. In his six years as governor — he was granted an extension in 2021 — Das deftly navigated a difficult domestic and global environment. He led the central bank through a pandemic, the Russia-Ukraine war and the conflict in Gaza, while also leading it into newer areas such as digital currency. All the while, he ensured that relations between Mint Street and North Block were harmonious.When he took over as governor, Das had to deal with the NBFC crisis, following the collapse of IL&FS and Dewan Housing. However, the biggest challenge that the central bank had to face was the Covid pandemic. Under his leadership, the RBI acted quickly, loosening policy rates, and also announcing a series of measures to help cushion the economy from the consequences of the pandemic.
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