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RBI Chief Shaktikanta Das Named ‘Governor Of The Year’ At London’s Central Banking Awards

 

RBI Chief Shaktikanta Das Named ‘Governor Of The Year’

Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), was honored with the esteemed Governor of the Year Award for 2023. In his remarks, Das highlighted the evolving role of central banks in the monetary and financial systems, emphasizing that they are now tasked with significant responsibilities that go beyond their traditional mandates. The award was presented by Central Banking, a prominent organization that thoroughly covers and examines matters concerning central banks and financial regulators globally, during its summer meetings held in London.

The Central Banking Awards 2023 awards winners were announced in late March this year. Two top prizes went to the National Bank of Ukraine, the 2023 Central Bank of the Year, and the Reserve Bank of India’s Shaktikanta Das, Governor of the Year.

Shaktikanta Das Education

Shaktikanta Das, the current governor of the Reserve Bank of India (RBI), is a graduate in history. He holds a bachelor’s degree (BA) and a master’s degree (MA) in history from St. Stephen’s College at the University of Delhi. He also holds a diploma in financial management from the Indian Institute of Management Bangalore (IIM-B).

Das’s educational background has been praised by some for giving him a strong foundation in economic and financial matters. However, others have criticized his lack of formal training in economics, arguing that it makes him ill-equipped to lead the RBI.

Here is a more detailed look at Das’s educational background

  • St. Stephen’s College, University of Delhi: Bachelor’s degree (BA) and Master’s degree (MA) in history
  • Indian Institute of Management Bangalore (IIM-B): Diploma in financial management

Das has also received honorary doctorates from several universities, including Utkal University, the University of Madras, and the University of Mysore.

Shaktikanta Das Salary

The RBI Governor, Shaktikanta Das, receives a monthly salary of Rs 250,000. In addition to the salary, there is a range of allowances and benefits provided. These include Dearness Allowance, Grade Allowance, and reimbursements for expenses such as education, household, telephone, and medical expenses. The comprehensive salary package reflects the significant responsibilities associated with the position, including the authority to grant or revoke bank licenses in cases of violation.

Here is the tabular representation of RBI Governor Shaktikanta Das’s salary structure and allowances:

Name Of Post Monthly Salary Amount Allowances
Governor Of Reserve Bank Of India Rs 2,50,000 Rs 1,60,000 (basic pay) along with various allowances such as dearness allowance, grade allowance, educational allowance, educational allowance for children, fuel expenses, medical expenses, etc.

Please note that the values mentioned in the table are for illustrative purposes and may not reflect the exact figures.

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