Will Try to Uphold Autonomy & Credibility of RBI: Shaktikanta Das

Will Try to Uphold Autonomy & Credibility of RBI: Shaktikanta Das

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The newly appointed Reserve Bank of India (RBI) Governor Shaktikanta Das, while addressing the media on Wednesday, 12 December, said “Every institution needs to have integrity and autonomy but also needs to be accountable”.

“I will try and uphold professionalism, core values, credibility and autonomy of this institution. It’s an honour and great opportunity to serve RBI. I will try my best to work with everyone and work in the interest of Indian economy, “ he added.

He also said that he will convene a meeting of MDs and CEOs of public sector banks on Thursday in Mumbai, adding that he also plans to meet the heads of private sector banks later.

Das noted inflation targeting and maintaining the growth trajectory as part of his agenda.

On the relationship between the central government and the central bank, he said, “ I don't know if the relationship is good or not, but we have to have stakeholders’ consultation. Government is not just a stakeholder but also runs the country, economy and manages major policy decisions. So, there has to be discussion between government and RBI.”

While replying to a question about whether the RBI has excess capital, Das' reply was that the committee that is to be constituted on the issue will be the one to decide.

Das also cleared the air regarding the rumour of Deputy Governor Viral Acharya also resigning after Urjit Patel. When asked whether Acharya is still there, Das said, “I had tea with him an hour back. So, as far as I know, he is very much there.”

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