In a major honour for the nation, Reserve Bank of India (RBI) Governor Shaktikanta Das has been acknowledged to be the 'Central Banker of the Year 2020 - Asia Pacific' by London based international finance affairs publication The Banker which is owned by The Financial Times, reports Moneycontrol.
Lauding his efforts to deliver on his responsibilities, the publication noted that Das as the governor of the RBI had brought in measures to tighten the rules around shadow banking and brought Indian banking up to the standards through an approach of restrained governance.
The publication also took note of the efforts made by Das as RBI Governor to manage the issues being faced by the banking industry by scrutinising the lenders outside of the traditional bank network. It also acknowledged the measures taken by the RBI under him to proactively assist smaller banks.
Making a mention of Das' push to the nation's sundry urban co-operative banks to install robust IT based mechanisms and systems, the publication underscored that the step would enable such banks to offer banking services at low costs with safeguards to protect the customers.
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