As economy settles in, Shaktikanta Das has 6 challenges in second term

The central bank will have to revive credit growth, drain liquidity and keep inflation on hold: that's just the beginning of his tasks.

Shaktikanta Das started his innings at the Reserve Bank of India in 2018 with a crisis in hand. A debate was raging over the central bank’s autonomy and its capital framework. His predecessor Urjit Patel resigned abruptly--allegedly due to differences with the government --and his successor had to fill in quickly. Since then, Das has tackled many crises: the liquidity crunch at non-banking finance companies, a slowing economy and the coronavirus pandemic.

He managed the pandemic’s impact well, reacting promptly by cutting interest rates sharply and taking many other steps, central bank watchers say.

Now that the economy is returning