The Centre on Friday extended the tenure of the Reserve Bank of India (RBI) Governor Shaktikanta Das for a period of three years.
"The Appointments Committee of the Cabinet has approved the reappointment of Shaktikanta Das as Reserve Bank of India Governor for a period of three years beyond 10.12.2021 or until further orders, whichever is earlier," reads an official statement.
Shaktikanta Das was appointed as the Reserve Bank of India (RBI) Governor in December 2018.
Usually, RBI governors are given five years term with the government having a chance in the third year to change its mind. So, it is usually a 3+2 term.
Shaktikanta Das, an IAS officer of Tamil Nadu cadre, will have a further tenure of three years, according to a decision taken by the Appointments Committee of the Cabinet (ACC).
He retired as Economic Affairs secretary last year and was subsequently made a member of the 15th Finance Commission.