RBI appointed Revenue Secretary Sanjay Malhotra as New RBI Governor replaces Shaktikanta Das, RBI new governor live news & updates

Sanjay Malhotra, who was Revenue Secretary with the Finance Ministry, today began his three year term as the new RBI Governor.

Sanjay Malhotra takes charge at the Mint Street headquarters of the Reserve Bank of India (RBI) at a time when the country’s financial system and the economy in general are broadly charting a stable phase,

India has appointed a new central bank governor in a surprising move that some experts say strengthens outlook for rate cuts early next year.

Governor Sanjay Malhotra outlined his vision for the central bank, focusing on continuity, stability, and inclusivity during his first media interaction after taking charge as the 26th governor. Malhotra described his appointment as “both an honour and a huge responsibility” and stressed the RBI’s critical role in shaping India’s economic future.

Sanjay Malhotra steps into his role as the RBI Governor at a time when there are concerns over a slowdown in the domestic gross domestic product (GDP) and inflation has surpassed the central bank's comfort zone.

The Indian rupee weakened to its all-time low on Tuesday as traders reacted to the appointment of career bureaucrat Sanjay Malhotra as the next Reserve Bank of India (RBI) governor by ramping up bets on rate cuts by the central bank next year.

Sanjay Malhotra, the newly appointed 26th Governor of the Reserve Bank of India, began his three-year term on 11, 2024. In his first press conference, following the announcement by the Appointments Committee of the Cabinet on 9,

Sanjay Malhotra, who was Revenue Secretary with the Finance Ministry, today began his three year term as the new RBI Governor. He will address the media at 3 pm today.

Sanjay Malhotra has taken charge as the 26th Governor of the Reserve Bank of India (RBI). An IAS officer of the Rajasthan cadre, Malhotra’s tenure is set for three years. Earlier, he served as the Revenue Secretary.

Newly appointed RBI Governor Sanjay Malhotra on Wednesday said the central bank will maintain continuity and stability in policy matters with a greater use of technology to promote financial inclusion.