Shaktikanta Das 6 year tenure: HITS & MISSES

Mumbai: The appointment of Shaktikanta Das as 25th Governor of the Reserve Bank of India happened on December 12, 2018 when his predecessor, Urjit Patel resigned abruptly citing personal reasons following a fallout with the government over the central bank's autonomy. As economy revived raised interest rates starting May 2022 to keep inflation under check Instrumental in ensuring that economic growth remains over 7 per cent in the last 4 years of his six-year term. Launched the central bank digital currency, or digital rupee, for both wholesale and retail use In May 2023, the RBI announced the withdrawal of Rs 2,000 notes aimed at reducing the risk of counterfeiting. Unlike demonetization of 2016, the withdrawal of Rs 2000 notes was done without disruption Paid record dividend to the government of Rs 2.11 lakh crore for the year 2023-24 Twice ranked the top central banker by the US-based Global Finance magazine Introduced stringent capital adequacy standards and improved supervisory systems Chaired his last meeting of the rate-setting panel — Monetary Policy Committee on Dec 6 MISSES Despite a 250 basis points hike in the repo rate between May 2022 and February 2023, consumer price index-based inflation continues to remain elevated and above the RBI’s comfort zone of 2-6 per cent.