New Delhi | Former Economic Affairs Secretary Shakikanta Das is likely to be the next Reserve Bank of India Governor after the resignation of Urjit Patel on December 10.
Shaktikanta Das, a retired 1980 batch Indian Administrative Service (IAS) officer of Tamil Nadu cadre was the member of the Fifteenth Finance Commission of India, and India’s Sherpa to G20. Das also worked 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.
Earlier Urjit Patel on December 10 resigned from the post of Reserve Bank of India (RBI) governor. Patel’s three year team was to end in September 2019. Patel is also the first RBI governor to resign since 1990.
Submitting his resignation, Urjit Patel cited personal reasons and stepped down with immediate effect. He said, “On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years,” Urjit Patel said in a statement. “The support and hard work of RBI staff, officers and management has been the proximate driver of the Bank’s considerable accomplishments in recent years. I take this opportunity to express gratitude to my colleagues and Directors of the RBI Central Board, and wish them all the best for the future,” he added.
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