Shaktikanta Das reappointed as RBI governor for another 3 years

• Reserve Bank of India Governor Shaktikanta Das been reappointed to the post for a term of three years.
• His reappointment has been confirmed by the Cabinet Appointments Committee for a three-year term ending December 10, 2021, or until further orders, whichever comes first.
• Shaktikanta Das was appointed as the Governor of the Reserve Bank of India (RBI) in December 2018 for a term of three years.
• Shaktikanta Das was first appointed as the 25th RBI Governor in 2018, after the resignation of his predecessor Urjit Patel. He is a retired 1980 batch IAS officer of Tamil Nadu cadre.

Important Takeaways

About Reserve Bank of India

• Headquarters: Mumbai
• Founded: 1 April 1935
• Nationalisation of RBI: 1949
• First Headquarter: Kolkata
• Headquarters of RBI moved to Mumbai: 1937
• First RBI Governor: Sir Osborne Smith 
• First Indian RBI Governor: C.D.Deshmukh
• Commission recommended the formation of RBI: Hilton Young Commission (Royal commission)