If he were the CEO of a corporation, Shaktikanta Das would be an investor darling.
His first full-year results, and Das is already returning more money than the entire dividend his two predecessors could muster between them in the previous three years. That’s just the kind of performance activist hedge funds like to see.
But Das isn’t a corporate CEO. He’s the chief of India’s central bank, and the record Rs 1.76 trillion ($24.4 billion) he’s going to deposit in the government’s account is bound to revive a debate about the threat to the monetary authority’s independence.
While that controversy is real, it
