RBI chief Shaktikanta Das named 'Governor of the Year' at Central Banking Awards in London

Tags: Economy/Finance Awards

Reserve Bank of India (RBI) Governor Shaktikanta Das was named 'Governor of the Year' at the Central Banking Awards in London.

An Overview of the News

• The award is presented by Central Banking, a leading organisation that covers matters related to central banks and financial regulators globally.

• The Central Banking Awards 2023 announced the winners at the end of March, the National Bank of Ukraine received the title of Central Bank of the Year.

• Shaktikanta Das, representing the Reserve Bank of India, was honoured with the Governor of the Year award at the event.

About Reserve Bank of India

• The RBI was established on April 1, 1935, as per the provisions of the Reserve Bank of India Act, 1934.

• The central office of the Reserve Bank was established in Kolkata which was permanently shifted to Mumbai in the year 1937.

• It was nationalised in 1949 and now the Government of India owns the RBI.

• It has the power to regulate banks under the Banking Regulation Act 1949.

• It has the power to regulate Non-Banking Financial Company (NBFC) under the RBI Act 1934.

• RBI is also the regulator of digital payment systems under the Payment and Settlement Act 2007.

Headquarters of RBI: Mumbai

RBI Governor: Shaktikanta Das