4 min readDec 10, 2024 12:18 PM IST
First published on: Aug 22, 2024 at 09:17 AM IST
Reserve Bank of India Governor Shaktikanta Das: Central banks are responsible for regulating a nation’s monetary policy, including controlling inflation, managing interest rates, and ensuring the stability of the financial system.
They act as the “lender of last resort,” providing necessary funds to commercial banks during periods of financial distress to prevent systemic failures while maintaining price stability.
Led by their central bank governors—key figures responsible for shaping monetary policy, ensuring financial stability, and effectively communicating with the public—central banks play a crucial role in influencing overall economic performance.
Notably, India’s Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), has been ranked in the top 3 and rated A+ among global central bankers in 2024, for the second consecutive year, in the Global Finance Central Banker Report Cards 2024.
Prime Minister Narendra Modi congratulated RBI Governor Shri Shaktikanta Das today, marking his achievement.
Global Finance magazine in its Central Banker Report Cards 2024, newly announced the names of central bank governors from 100 countries across the globe, who received top grades, based on an “A+” to “F” scale for success in areas such as inflation control, economic growth goals, currency stability, and interest rate management.
Top 10 central bankers rated A+ and A in 2024:
| Grade |
Central Banker |
Country |
| A+ |
Christian Kettel Thomsen |
Denmark |
| A+ |
Shaktikanta Das |
India |
| A+ |
Thomas Jordan |
Switzerland |
| A |
Roberto Campos Neto |
Brazil |
| A |
Rosanna Costa |
Chile |
| A |
Harvesh Kumar Seegolam |
Mauritius |
| A |
Abdellatif Jouahri |
Morocco |
| A |
Lesetja Kganyago |
South Africa |
| A |
Nandalal Weerasinghe |
Sri Lanka |
| A |
Nguyen Thi Hong |
Vietnam |
Shaktikanta Das, Governor of the Reserve Bank of India:
Reserve Bank of India (RBI) Governor Shaktikanta Das (File Photo)
Shaktikanta Das, the current Governor of the Reserve Bank of India (RBI), transitioned to this crucial role after serving in significant positions within the Finance Ministry.
A retired Indian Administrative Service (IAS) officer from the 1980 batch, Das was the Economic Affairs Secretary from 2015 to 2017 during former finance minister Late Arun Jaitley’s tenure.
Das also contributed as a member of the 15th Finance Commission served as India’s Sherpa to the G20 for a year, and assumed office as RBI Governor in December 2018, succeeding Urjit Patel, with an initial appointment period of three years.
He holds a Master’s degree in History from Delhi University and has furthered his education with a Financial Management course from IIM-Bangalore, along with mid-career training at IIM-Ahmedabad.
With his extensive experience in economic affairs and finance, he has emerged as a key figure in shaping India’s monetary policy. He has been ranked among the top 3 and has received a grade of A+ in the Global Finance magazine’s Central Banker Report Cards 2024 for two consecutive times.
Christian Kettel Thomsen, Governor of Danmarks National Bank:
Christian Kettel Thomsen (Source: Danmarks National Bank)
Christian Kettel Thomsen, an experienced economist, previously held the position of Vice-President at the European Investment Bank before taking on his current role. Throughout his career, he has occupied important roles such as Permanent Secretary at Denmark’s Prime Minister’s Office and the Ministry of Finance.
Thomas Jordan, Chairman of the Governing Board of Swiss National Bank:
Thomas Jordan (Source: Central Banking)
Thomas Jordan, the Chairman of the Governing Board of the Swiss National Bank (SNB), possesses an eminent academic and professional history. He has been associated with the SNB since 1997, holding several significant positions such as Vice Chairman and Chairman of the Governing Board. Furthermore, Jordan is actively engaged with international financial organisations like the IMF and BIS.