Reserve Bank of India (RBI) Governor Raghuram Rajan has been awarded the Central Banker of Year Award (Global and Asia Pacific) for 2016 by The Banker, an official statement said on Thursday.
In a statement, the RBI said The Banker, a monthly banking publication of the Financial Times group, has conferred on Rajan the award to felicitate officials that have best managed to stimulate growth and stabilise their economy.
According to The Banker, the award is in recognition of RBI's contribution towards India weathering the capital outflow and currency storms in emerging markets; rupee remaining stable and a clear financial market liberalisation path in attracting foreign and making the country's financial markets more sophisticated.
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