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Shaktikanta Das
25th Governor of the Reserve Bank of India
In office 12 December 2018 – 10 December 2024
President	Ram Nath Kovind Droupadi Murmu
Prime Minister	Narendra Modi
Preceded by	Urjit Patel
Succeeded by	Sanjay Malhotra
Sherpa of India to the G20
In office 27 November 2017 – 11 December 2018
Appointed by	Appointments Committee of the Cabinet
Prime Minister	Narendra Modi
Minister	Arun Jaitley
Governor	Urjit Patel
Preceded by	Arvind Panagariya
Succeeded by	Suresh Prabhu
Member of the Fifteenth Finance Commission
In office 27 November 2017 – 11 December 2018Serving with Ashok Lahiri Anoop Chand Ramesh Chand
Appointed by	President of India (then, Ramnath Kovind)
Chairman	N. K. Singh
Succeeded by	Ajay Narayan Jha
Economic Affairs Secretary
In office 31 August 2015 – 28 May 2017
Appointed by	Appointments Committee of the Cabinet
Minister	Arun Jaitley
Preceded by	Rajiv Mehrishi
Succeeded by	Subhash Chandra Garg
Revenue Secretary
In office 16 June 2014 – 31 August 2015
Appointed by	Appointments Committee of the Cabinet
Minister	Arun Jaitley
Preceded by	Rajiv Thakur
Succeeded by	Hasmukh Adhia
Fertilizers Secretary
In office 26 December 2013 – 15 June 2014
Appointed by	Appointments Committee of the Cabinet
Preceded by	Rajiv Mehrishi
Succeeded by	Jugal Kishore Mohapatra
Personal details
Born	(1957-02-26) 26 February 1957 (age 67) Bhubaneswar, Odisha, India
Alma mater	Delhi University (BA, MA); Utkal University (D.Litt.); University of Birmingham (MPA);
Occupation	Retired IAS officer
Profession	Civil servant
Signature

Shaktikanta Das (born 26 February 1957) is an Indian Bureaucrat official who served as the 25th governor of the Reserve Bank of India (RBI). He was earlier a member of the Fifteenth Finance Commission and India's Sherpa to the G20. Das is a retired 1980 batch Indian Administrative Service (IAS) officer of Tamil Nadu cadre.

During his career as an IAS officer, Das served in various capacities for Central and Tamil Nadu State governments, including as Economic Affairs Secretary, Revenue Secretary, Fertilizers Secretary. He has also served as India’s Alternate Governor in the World Bank, ADB, NDB & AIIB. He has represented India in various international forums like the IMF, G20, BRICS, SAARC, etc.

Early life and education

Born in Bhubaneswar, Das was schooled at the Demonstration Multipurpose School, Bhubaneswar, and then obtained bachelor's (BA) and master's degrees (MA) in history from the St. Stephen's College, Delhi. He was awarded D.Litt. by Utkal University in 2021.

Career as an IAS officer

Das served in various positions for both the Government of India and the Government of Tamil Nadu, like as Principal Secretary (Industries), Special Commissioner (Revenue), Secretary (Revenue), Secretary Commercial Taxes, the project director of Tamil Nadu State AIDS Control Society and as the district magistrate and collector of Dindigul and Kancheepuram districts in the Tamil Nadu government; and as Union Economic Affairs Secretary, Union Revenue Secretary, Union Fertilizers Secretary, Special secretary in the Department of Economic Affairs of the Ministry of Finance and as a joint secretary in the Department of Expenditure of the Ministry of Finance in the Indian government.

Das also had a stint with Mahindra Industrial Park Ltd (Mahindra World City), on deputation to a private sector company under Rule 6(2)(ii) of the Indian Administrative Service (Cadre) Rules, 1954.

Revenue Secretary

Das was appointed Union Revenue Secretary by the prime minister-led-Appointments Committee of the Cabinet (ACC) in June 2014, he assumed the office of Secretary on 16 June 2014, and demitted it on 31 August 2015.

Economic Affairs Secretary

Das was appointed Union Economic Affairs Secretary by the ACC in August 2014, he assumed the office of Secretary on 31 August 2015, and admitted it and simultaneously superannuated from service on 28 May 2017, after being given a three-month extension by the government.

During his tenure as Union Economic Affairs Secretary, Das was widely regarded as one of the most powerful civil servants in India.

Finance Commission

Post his retirement from the IAS, Das was appointed a member of the Fifteenth Finance Commission by the ACC. In addition, he was appointed as India's Sherpa to the G20 by the ACC. In December 2018, on his appointment as the governor of the Reserve Bank of India, Das resigned from his position in the Fifteenth Finance Commission.

Governor of Reserve Bank of India

Das was appointed Governor of the Reserve Bank of India by the ACC on 11 December 2018 for a period of three years, replacing Urjit Patel who had resigned the day before and has further got an extension in December 2021 for a period of three years .

Das' appointment as RBI governor received mostly positive responses, with DBS Bank's head of markets for India at Singapore, Ashish Vaidya, saying that previous governors of the RBI with an IAS background, such as Y. Venugopal Reddy and Duvvuri Subbarao, had been successful and that Das' "cordial relations with the government likely help policy negotiations." S. S. Mundra, a former deputy governor of the RBI, said Das was a "good and balanced choice" for RBI governorship and had "a good understanding of the whole of the financial sector both from the ministry and also in his interactions with the RBI." A former Governor of the Reserve Bank of India C. Rangarajan, said Das had "experience in economic affairs" and would "make a good governor". Gaurav Shah, a senior vice president at Geojit Financial Services, said "a name like Shaktikanta Das carries track record, experience, credentials, credibility and respect along with him."

On the other hand, Nobel laureate and professor at the Massachusetts Institute of Technology, Abhijit Banerjee, said Das' appointment posed a lot of "frightening" questions on governance of autonomous public institutions. Subramanian Swamy, a member of the Bharatiya Janata Party, the largest party of the ruling National Democratic Alliance coalition, and a nominated member of the Rajya Sabha (Council of the States), criticised Das, calling him a "corrupt person" at an event at the Indian School of Business in Hyderabad.

Das assumed charge as RBI governor on 12 December 2018. Reactions of the markets to Das' appointment was positive, with BSE SENSEX gaining 629 points and NIFTY 50 increasing by 188 points.

As RBI governor, Das serves as the ex-officio chairperson of the Monetary Policy Committee of the central bank.

He was conferred the 'Central Banker of the Year, Asia-Pacific 2020' award by the London based magazine-The Banker for his efforts to make the banking system more robust.

The chief of the Reserve Bank of India, Shaktikanta Das was honoured with the title of 'Governor of the Year 2023' by the London-based financial journal Central Banking.

Shri Shaktikanta Das has been rated “A+” in the Global Finance Central Banker Report Cards 2023 and 2024 consecutively. Shri Das has been placed at the top of the list of three central bank governors who have been rated A+.

References

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22. Chakraborty, Subhayan (28 November 2017). "Former DEA secretary Shaktikanta Das confirmed as G-20 sherpa". Business Standard. New Delhi. Archived from the original on 15 January 2018. Retrieved 15 January 2018.
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25. "Acceptance of resignation of Shri Shaktikanta Das-Member, FFC" (PDF). Department of Economic Affairs, Ministry of Finance, Government of India. 11 December 2018. Archived (PDF) from the original on 17 December 2018. Retrieved 16 December 2018.
26. Prasad, Gireesh Chandra; Ghosh, Shayan; Gopakumar, Gopika (11 December 2018). "Shaktikanta Das, who oversaw demonetization, is new RBI governor". Livemint. New Delhi/Mumbai: Vivek Khanna. Archived from the original on 12 December 2018. Retrieved 12 December 2018.
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42. Yadnya Investment Academy (11 December 2018). "कौन हैं नए RBI Governor? जानिए नए RBI गवर्नर को" [Who is the new RBI Governor]. Archived from the original on 22 August 2023. Retrieved 29 July 2020 – via Youtube.
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External links

• Media related to Shaktikanta Das at Wikimedia Commons
• Executive record sheet, as maintained by the Department of Personnel and Training of the Ministry of Personnel, Public Grievances and Pensions of the Government of India
• Executive profile, as maintained by Bloomberg

v t e Governors of the Reserve Bank of India
	Sir Osborne Smith (1935–37) Sir James Braid Taylor (1937–43) Sir C. D. Deshmukh (1943–49) Sir Benegal Rama Rau (1949–57) K. G. Ambegaonkar (1957) H. V. R. Iengar (1957–62) P. C. Bhattacharya (1962–67) Lakshmi Kant Jha (1967–70) B. N. Adarkar (1970) Sarukkai Jagannathan (1970–75) N. C. Sen Gupta (1975) K. R. Puri (1975–77) M. Narasimham (1977) I. G. Patel (1977–82) Manmohan Singh (1982–85) Amitav Ghosh (1985) R. N. Malhotra (1985–90) S. Venkitaramanan (1990–92) C. Rangarajan (1992–97) Bimal Jalan (1997–2003) Y. V. Reddy (2003–08) Duvvuri Subbarao (2008–13) Raghuram Rajan (2013–16) Urjit Patel (2016–18) Shaktikanta Das (2018–24) Sanjay Malhotra (2024–present)

v t e Ministry of Finance (India)
Departments	Economic Affairs Economic Division: Economic Survey Budget Division: Union budget Expenditure Pay Commission 7th Central Pay Commission (CPC) and Defence Forces Sixth Central Pay Commission Revenue Income Tax Department Central Board of Indirect Taxes and Customs Financial Services Pradhan Mantri Jan Dhan Yojana DIPAM Disinvestment in India Disinvestment of Public Sector Units in India DPE Efficient monitoring of the capital expenditure Asset monetisation and financial health of the Central Public Sector Enterprises (CPSEs)
Secretaries	Economic Affairs Rajiv Mehrishi Shaktikanta Das Subhash Chandra Garg Atanu Chakraborty (incumbent) Revenue Shaktikanta Das Ajay Bhushan Pandey Hasmukh Adhia (incumbent) Finance Ratan P. Watal Ashok Lavasa Hasmukh Adhia Ajay Narayan Jha Rajiv Kumar (incumbent)
Finance ministers	R. K. Shanmukham Chetty John Mathai C. D. Deshmukh T. T. Krishnamachari Jawaharlal Nehru Morarji Desai Sachindra Chaudhuri Indira Gandhi Yashwantrao Chavan Chidambaram Subramaniam Hirubhai M. Patel Charan Singh Hemwati Nandan Bahuguna R. Venkataraman Pranab Mukherjee Vishwanath Pratap Singh Rajiv Gandhi N. D. Tiwari Shankarrao Chavan Madhu Dandavate Yashwant Sinha Manmohan Singh Jaswant Singh P. Chidambaram I. K. Gujral Arun Jaitley Piyush Goyal Nirmala Sitharaman (incumbent)
Ministers of state for finance	Nirmala Sitharaman Jayant Sinha Arjun Ram Meghwal Pon Radhakrishnan Anurag Thakur Bhagwat Karad (incumbent) Pankaj Chaudhary (incumbent)
Chief Economic Advisor	JJ Anjaria IG Patel IG Patel VK Ramaswamy Ashok Mitra Manmohan Singh RM Honavar Bimal Jalan Nitin Desai Deepak Nayyar Shankar Acharya Rakesh Mohan Ashok K Lahiri Arvind Virmani Kaushik Basu Raghuram Rajan Arvind Subramanian Krishnamurthy Subramanian V. Anantha Nageswaran (incumbent)
Finance commissions	1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th 13th 14th 15th

• Indian Administrative Service officers
• 1957 births
• Living people
• People from Bhubaneswar
• Governors of the Reserve Bank of India
• Indian diplomats
• St. Stephen's College, Delhi alumni