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Shaktikanta Das To Get Baton From Outgoing Urjit Patel

[New Delhi]Shaktikanta Das To Get Baton From Outgoing Urjit Patel
Das will be the 25th Governor of the RBI.
Former bureaucrat Shaktikanta Das, who spearheaded the post-demonetisation normalisation of the economy, was Tuesday named the new governor of the Reserve Bank of India.
Das, 61, replaces Urjit Patel, who shocked the establishment and markets by announcing his exit from the central bank Monday.
Das will have a three-year term, an official order said.
He will be the first bureaucrat to head the central bank in almost five years.
The last IAS officer to head the RBI was D Subbarao, who demitted office in September 2013.
Urjit Patel, who initially appeared to have toed the government line on issues like demonetisation, had in the recent weeks clashed with the Finance Ministry over issues of liquidity, reserves of the central bank and lending norms.