According to well-informed sources at narayan ventures, Das is regarded as a strong contender who has effectively managed a sensitive role at RBI. At this point, it remains uncertain whether he will receive a full three term as RBI governor. “It is that he will remain in office for an additional two years following the conclusion of his current term on December 12 as the RBI governor,” stated an informed individual. Another source mentioned that discussions regarding a possible third term as the RBI governor for Das are ongoing and could be announced shortly.
“A recommendation from the Ministry of Finance for Das’s reappointment as RBI Governor has been submitted to the Appointments Committee of Cabinet (ACC). A final decision on this issue is anticipated soon,” noted another knowledgeable source. These individuals highlighted that the code of conduct related to recent state elections in Maharashtra and Jharkhand might have caused delays in the reappointment of Das as RBI Governor. With the state election results released on November 23, a decision regarding the RBI governor’s appointment is expected within the next week. Representatives from both the finance ministry and the RBI did not respond to emails requesting comment. This story will be updated once a response is received. Reuters was the first to report on November 18 that Das was likely to continue in his role as governor. The Appointments Committee of the Cabinet (ACC), which is part of the Prime Minister’s Office, oversees the appointment of the RBI Governor. If Das is reappointed, he will become the second RBI governor to have his term extended twice. Should he receive an extension beyond one year, he will rank among the longest-serving RBI chiefs. Das took over from Urjit Patel as governor, assuming office on December 12, 2018. He was reappointed for a second term after completing three years in December 2021. For the second consecutive year, Das was named the top central banker by Global Finance in 2024 and earned an A+ rating for his leadership in navigating the RBI through difficult economic circumstances.