Restoring Inflation-Growth Balance: The Primary Task Ahead

In his final address as the Reserve Bank of India (RBI) Governor, Shaktikanta Das emphasized that bringing inflation within the RBI's target range is the most critical objective for the incoming governor, Sanjay Malhotra. Das expressed optimism about Malhotra's capabilities and reviewed his six-year leadership period, highlighting the crucial challenges awaiting the central bank.

Collaborative Relationship Between RBI and Finance Ministry

Das also highlighted the productive and cooperative relationship between the RBI and the Finance Ministry during his tenure. He noted that while divergent viewpoints were inevitable, all issues were successfully resolved through internal dialogue.

Adapting to Global Changes and Technological Advancements

Discussing his initial period in 2018, Das recounted addressing banking sector concerns and liquidity management issues. He underscored the significance of adaptable inflation targeting while maintaining economic growth and emphasized the need for the RBI to remain vigilant and flexible in the face of swift global changes.

Promoting Financial Sector Innovation

During Das's tenure, the RBI achieved substantial progress in technological adoption, with the establishment of the RBI Innovation Hub in Bengaluru being a significant development for promoting financial sector innovation.