The Reserve Bank of India Governor, Shaktikanta Das, was hospitalised in Chennai for minor health issues but is expected to recover quickly, with no cause for concern, according to the RBI

Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), has been hospitalised after experiencing a minor health issue. The 66-year-old financial expert was admitted to the Apollo Hospital in Chennai earlier today, where he was treated for acidity, a condition that caused him temporary discomfort.

The RBI, in an official statement, reassured the public that there is no need for alarm regarding Das’s condition. A spokesperson for the central bank clarified that the governor’s situation is not serious and that he is currently recovering well. The statement further confirmed that Das is expected to be discharged within a few hours after a brief period of observation.

This incident has raised some concerns among the public, given Das’s prominent role in managing India’s monetary policies and his regular involvement in key economic discussions. However, the RBI has made it clear that the governor’s health issue is minor and does not pose any long-term risks.

“Shri Shaktikanta Das experienced acidity and was admitted to Apollo Hospital, Chennai for observation,” the spokesperson noted. “He is now doing fine and will be discharged in the next 2-3 hours. There is no cause for concern.”

The news has been welcomed by many in the banking and financial sectors, as the governor is known for his significant contributions to the Indian economy. Under his leadership, the RBI has navigated a series of complex challenges, including managing inflation, monetary policy adjustments, and the broader economic fallout from the global pandemic.

Das has been a key figure in steering India through a period of economic uncertainty, making his health recovery a priority for both the government and the banking community. Despite this minor health scare, his swift recovery is expected to reassure those following the RBI’s ongoing initiatives.

India’s financial markets and banking sectors remain on edge, as any prolonged absence of the RBI governor could lead to temporary disruptions in decision-making and policy formulation. However, with the governor’s expected return to full health shortly, the stability of the country’s financial system should remain unaffected.

In the coming days, Shaktikanta Das is expected to resume his regular duties, continuing his work at the helm of the Reserve Bank of India.