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If reappointed, Das will become the second RBI governor to have his term extended twice.
It is not yet clear whether Shaktikanta Das will get the full three-year term or a short extension.
Governor Shaktikanta Das is expected to remain in office after the current term ends in December. Das, who plays the sensitive role effectively, is seen as a strong candidate for expansion.
According to a report by Money controlpeople familiar with the situation confirmed that the finance ministry has already made the recommendation. Shakti Kanta Das A re-appointment to the Appointments Committee of the Cabinet (ACC), and a final decision is expected soon.
“He is expected to hold office for another two years after his current term expires on December 12,” a person with knowledge of the matter said. Money control.
Uncertainty over the duration of the extension
It is not yet clear whether Das A full three-year term or less will receive an extension. However, sources believe he may stay in office for two more years beyond his current term, which ends on December 12.
Reports indicate ongoing periods.
Reuters It was first reported on 18 November that Das was likely to continue as governor.
Delay due to election code of conduct
The delay in the reappointment process is partly due to the code of conduct for state elections in Maharashtra and Jharkhand, which has delayed the official announcement.
Das is set to become one of the longest serving RBI governors.
If reappointed, Das will become the second RBI governor to have his term extended twice. If his tenure extends beyond one year, he will join the ranks of the longest serving RBI governors in history.
Recognition of leadership
Das succeeded Arjit Patel as RBI Governor on 12 December 2018, and was reappointed for a second term in December 2021. He was recently named a Top Central Banker by Global Finance in 2024, for the second year in a row, with an A+ rating for his leadership. Under the guidance of RBI in tough economic times.
RBI Governor Shaktikanta Das admitted to hospital
Shaktikanta Das was admitted to a Chennai hospital on November 25 due to ‘acidity’ related problems, and is now doing well.
Das was admitted to Apollo Hospital for observation.
“He is doing well now and there is no cause for concern. He will be discharged soon,” said Dr RK Venkatasalam, Director Medical Services, in a medical bulletin issued by Apollo Hospitals.
Meanwhile, an RBI spokesperson said, “Das suffered from acidosis and was admitted to Apollo Hospital, Chennai for observation.” “There is no cause for concern,” the spokesperson added.