The international magazine praised Governor Shaktikanta Das’ strong leadership during challenging times, including the first and second waves of the Covid pandemic and the inflationary impact of Russia’s invasion of Ukraine.
Under the leadership of Shaktikanta Das, the RBI implemented important reforms. Introduced innovative payment methods. Provided measures to support growth during epidemics. He has been hailed for deftly steering the central bank amid intense political pressures and economic disasters.
He insisted on setting a deadline for most of the RBI’s Covid schemes. Shaktikanta Das was praised for bringing liquidity to key sectors and for giving state governments generous terms on their overdraft facilities. This is the second time that a Reserve Bank of India Governor has won the award. Raghuram Rajan was the last recipient of this award in 2015.
Also, the Best Central Bank of the Year award was given to the National Bank of Ukraine.