Shaktikanta Das' to-do list at RBI: Easing liquidity to deciding on PCA

Many past illustrious RBI governors were government officials, Shaktikanta Das would have to take their legacy forward

Shaktikanta Das, the Reserve Bank of India’s (RBI’s) 25th governor, will have to deal with issues that need to be sorted out immediately in order to create a bridge between the government and the central bank.

A staunch defender of demonetisation, it would be interesting to see how he handles the government’s increasing demand for more cash from the RBI, and letting some weak banks get out of prompt corrective action (PCA). 

Also, the government favours a special liquidity line for the non-banking financial sector, which the RBI has resisted so far.

The government wants the RBI to soften the