RBI Governor Shaktikanta Das Earns Top ‘A+’ Rating Again in Global Finance Report
Mumbai (Maharashtra) [India], August 20: For the second consecutive year, Reserve Bank of India (RBI) Governor Shaktikanta Das has been rated ‘A+’ in the Global Finance Central Banker Report Cards. This annual report, published by Global Finance since 1994, grades central bank governors from nearly 100 key countries, territories, and districts, as well as the European Union, the Eastern Caribbean Central Bank, the Bank of Central African States, and the Central Bank of West African States.
The grades range from ‘A+’ for excellent performance to ‘F’ for outright failure, based on success in areas such as inflation control, economic growth goals, currency stability, and interest rate management. Global Finance founder and editorial director Joseph Giarraputo stated, ‘Central bankers have waged war against inflation over the past few years, wielding their primary weapon: higher interest rates. Now, countries around the world are witnessing the tangible results of these efforts, as inflation has dropped significantly.’
Giarraputo added, ‘Global Finance’s annual Central Banker Report Cards honor those bank leaders whose strategies outperformed their peers through originality, creativity, and tenacity.’ Along with Shaktikanta Das, Denmark’s Christian Kettel Thomsen and Switzerland’s Thomas Jordan also received ‘A+’ grades in the 2024 report.
Global Finance, founded in 1987, has a circulation of 50,000 and readers in 193 countries and territories. Its audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. The website GFMag.com offers analysis and articles based on 37 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world, and regularly selects top performers among banks and other financial service providers.
Doubts Revealed
RBI -: RBI stands for Reserve Bank of India. It is the central bank of India, which means it controls the money supply and interest rates in the country.
Governor -: A Governor in this context is the head of the Reserve Bank of India. He makes important decisions about the country’s money and economy.
Shaktikanta Das -: Shaktikanta Das is the current Governor of the Reserve Bank of India. He is responsible for making important financial decisions for the country.
‘A+’ Rating -: An ‘A+’ rating is a very high score given to someone for doing an excellent job. In this case, it means Shaktikanta Das did a great job managing India’s money and economy.
Global Finance Report -: The Global Finance Report is a yearly report that grades central bank governors from different countries on how well they manage their economies.
Central Banker Report Cards -: Central Banker Report Cards are part of the Global Finance Report. They grade the performance of central bank governors from around the world.
Inflation control -: Inflation control means keeping the prices of goods and services stable so that they don’t go up too quickly.
Economic growth -: Economic growth means the increase in the amount of goods and services produced by a country. It shows how well the country’s economy is doing.
Denmark -: Denmark is a country in Europe. It is known for its high quality of life and strong economy.
Christian Kettel Thomsen -: Christian Kettel Thomsen is the central bank governor of Denmark. He also received a high rating for his work.
Switzerland -: Switzerland is a country in Europe known for its banks and strong economy.
Thomas Jordan -: Thomas Jordan is the central bank governor of Switzerland. He also received a high rating for his work.
