RBI Guv Shaktikanta Das's performance rated A+ for 2nd consecutive year

For the second consecutive year, the Global Finance Central Banker Report 2024 has rated the performance of Reserve Bank of India (RBI) Governor Shaktikanta Das as A+. Prime Minister Narendra Modi congratulated Shaktikanta Das on his feat.

On 19 August 2024, Global Finance magazine released the Central Banker Report Cards 2024, which listed the names of Central Bank Governors who earned the highest grades, “A+,” “A,” or “A—" for their performance.

The Report Cards honour those bank leaders whose strategies outperformed their peers through originality, creativity and tenacity.”

Global Recognition for Shaktikanta Das's Performance 

The performance of the central bank governors is rated by the Global Finance magazine's "Central Banker Report Cards 2024 on four criteria: controlling inflation, managing interest rates, promoting economic growth, and maintaining stability in the domestic currency’s exchange rate. 

Based on their performance on these four criteria, the central bank governors are given grades on an A+ to F scale. A+ is the highest grade, representing excellent performance, and F is the lowest grade, denoting complete failure.

Three central bank governors - Shaktikanata Das, Christian Kettel Thomsen of Denmark and Thomas Jordan of Switzerland- were rated A+.

Who releases the Central Banker Report Cards? 

The Central Banker Report Cards is released annually by the New York, USA-based Global Finance Magazine. 

The first Central Banker Report Card was released in 1994.

The report grades the performance of the central bank governors of nearly 100 key countries, territories, and districts. It also rates the regional central banks like the Central Bank of West African States, the European Union, the Bank of Central African States and the Eastern Caribbean Central Bank.

About Shaktikanta Das 

Shaktikanat Das is a former IAS officer who retired as the Secretary, Department of Revenue and Economic Affairs, Ministry of Finance, Government of India.

He was appointed the 25th Governor of the RBI and assumed charge on 12 December 2018.

Shaktikanta Das has also served as India’s alternate governor at the World Bank, Asian Development Bank (ADB), New Development Bank (NDB), and Asian Infrastructure Investment Bank (AIIB). 

He was also a member of the 15th Finance Commission and was the G20 Sherpa of India.