‘Central Banker Of The Year' Award For RBI Chief

Reserve Bank of India Governor Shaktikanta Das has been conferred the ‘Central Banker of the Year, Asia-Pacific 2020’ award by The Banker magazine for taking steps to make the banking sector in India more robust through a restrained approach to governance amid banks facing a series of challenges.

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According to The Banker, Das has been outspoken on the lack of governance in banking, calling for tighter rules for state-owned banks, which comprise 60 percent of India’s banking sector.

To make the banking system more robust, the central bank is to set up a college for supervisors to improve supervisory skills, the UK-based international financial affairs publication said. Sessions will be available on a continuous basis to keep them on top of the latest developments.

The publication, which is owned by The Financial Times