Governor of the Reserve Bank of India Shaktikanta Das has been named ‘Central Banker of the Year 2020 – Asia-Pacific’ by The Banker magazine. Naming Das as the 2020 Central Banker in the Asia-Pacific region, the magazine said he had brought in measures to tighten rules around shadow banking and brought Indian banking up to standards through a restrained approach to governance. The magazine, owned by The Financial Times, brings out annual rankings of the world’s top banks. In a statement announcing the award, it pointed out that Indian banks have faced series of problems in non-performing loans and frauds, besides repeated economic slump wherein the central bank cut rates 5 times in 2019 and was open to cut them again, if necessary. It added that Das had tried to manage banking issues via scrutiny of lenders outside the traditional bank network and proactively assisted smaller banks.
