RBI Governor Shaktikanta Das rated ‘A+’ among central bankers globally

New York-based Global Finance magazine has rated Reserve Bank Governor Shaktikanta Das as “A+” in the Global Finance Central Banker Report Cards 2023. Das has been placed at the top of the list of three central bank governors rated in the top category (A+), including Thomas J. Jordan of Switzerland and Nguyen Thi Hong of Vietnam.

The current recognition for Das comes months after in March 2023, he was named the 'Governor of the Year' for 2023 by Central Banking, an international economic research journal.

Global Finance’s report includes the names of central bank governors who earned A+, A, or A- grades as part of the Central Banker Report Cards 2023. “The full Central Banker Report Cards 2023 report and grade list will appear in Global Finance’s October issue print and digital editions as well as online at GFMag.com,” the statement says.

The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of 101 key countries, territories, and districts, including the European Union, the Eastern Caribbean Central Bank, the Bank of Central African States, and the Central Bank of West African States.

Congratulating RBI Governor Shaktikanta Das, Prime Minister Narendra Modi says it is a proud moment for India. “This is a proud moment for India, reflecting our financial leadership on the global stage. His dedication and vision continue to strengthen our nation's growth trajectory.”

Grades are based on a scale from A to F for success in inflation control, economic growth goals, currency stability, and interest rate management. An “A” grade represents an excellent performance down through an “F” for outright failure.

“Fighting inflation, which has been fuelled by pent-up demand and disrupted supply chains, has everyone turning to their central bankers for help,” says Global Finance founder and editorial director Joseph Giarraputo. “Global Finance’s annual Central Banker Report Cards celebrate those bank governors whose strategies outperformed their peers through originality, creativity, and tenacity.”

Besides, the bank governors who earned an “A” grade in the Global Finance Central Banker Report Cards 2023 are Roberto Campos Neto of Brazil; Amir Yaron of Israel; Harvesh Kumar Seegolam of Mauritius; Adrian Orr of New Zealand; Jose Cantero Sienra of Paraguay; Julio Velarde of Peru; Chin-Long Yang of Taiwan; and Diego Labat of Uruguay.

The bank governors who earned an “A-” grade are Leonardo Villar of Colombia; Hector Valdez Albizu of the Dominican Republic; Asgeir Jonsson of Iceland; Perry Warjiyo of Indonesia; Victoria Rodriguez Ceja of Mexico; Abdellatif Jouahri of Morocco; Ida Wolden Bache of Norway; Lesetja Kganyago of South Africa; Rhee Changyong of South Korea; and Nandalal Weerasinghe of Sri Lanka.

Global Finance, founded in 1987, claims to have a circulation of 50,000 readers in 193 countries, territories, and districts. Its audience includes senior corporate and financial officers responsible for making investment and strategic decisions for multinational companies and financial institutions.

Shaktikanta Das, an IAS officer, and former secretary at the departments of revenue and economic affairs, ministry of finance, assumed charge as the 25th governor of the RBI on December 12, 2018. His tenure was extended by three more years in 2021 amid the Covid crisis, making him the fifth RBI governor to get tenure this long so far.