The central bank, under Das, has gone from reactive to proactive regulation. With signs of stress resurfacing in the banking system, the need for a taskmaster like him at the helm is stronger than ever.
Is Reserve Bank India governor Shaktikanta Das in line to get a third term at the central bank’s helm once his current stint gets over in under a month?
It sure looks that way right now.
“The extension of Das is almost confirmed. It is just a formality now. The government is more tilted towards continuity in the banking system,” says an official in the finance ministry, asking not to be named.
That would be unprecedented. Das is already the second-longest serving RBI governor, at almost six years. Benegal Rama Rau, the second Indian to head the central bank, when …
Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.
Editor, Banking
furquan@mailtmc.com
Delhi