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

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.

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

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,

The new RBI Governor takes charge at a time when the Indian economy faces significant challenges. GDP growth slowed to a seven-quarter low of 5.4 percent in the September quarter, and inflation remains above the 6 percent threshold set for the central bank by the government.

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.