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

Tags: Economy/Finance Awards

Governor-of-the-YearReserve 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

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