RBI Governor: Will Try To Maintain RBI’s Autonomy

Mumbai: India’s newly appointed central bank governor Shaktikanta Das today said he will try to maintain the autonomy and integrity of the monetary authority, while engaging in broader consultations wherever needed.

“The RBI is a great institution. It has got a very long legacy, a very rich legacy,” Shaktikanta Das said at his first media briefing in Mumbai after assuming charge earlier in the day. “I will do everything that is possible, I will try and uphold the professionalism, the core values, the credibility and the autonomy of the Reserve Bank as an institution.”

Das said he will focus on the banking sector immediately, and meet top officials of state-run banks based in Mumbai tomorrow to take stock of the situation in the banking sector. The central bank’s board meeting that is scheduled on Dec. 14 will take place as planned, he added.

A former finance ministry official who was instrumental in designing federal budgets and supportive of 2016’s surprise cash ban, Das was named to the position yesterday. He took office just two days after his predecessor Urjit Patel’s resignation surprised markets.

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