Shaktikanta Das appointed as new RBI Governor

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Former Economic Affairs Secretary Shaktikanta Das on Tuesday has been appointed as the new governor of Reserve Bank of India (RBI).

Das, who retired in May 2017, has been appointed for a term of three years. He has become the 25th RBI Governor.

His appointment came a day after Urjit Patel resigned as RBI Governor with immediate effect citing personal reasons.

Urjit Patel was appointed in 2016 for a three-year term, which was to expire in September 2019.