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

With extensive experience in various Indian government departments, Malhotra is well-versed in finance and taxation at both state and central levels

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

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, a career civil servant and India's new central bank governor, replaces Shaktikanta Das. The 56-year-old, a Princeton graduate, takes charge amid economic challenges like slowing growth and persistent inflation.

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.

Das, who took over as RBI governor in 2018, highlighted on Tuesday that the relationship between the RBI and the finance ministry had been at its best during his tenure

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.

Sanjay Malhotra, the new Governor of the Reserve Bank of India, affirmed his commitment to maintaining policy stability while staying adaptable to global changes. Taking over from Shaktikanta Das, Malhotra emphasized ongoing communication with financial sectors and leveraging technology to enhance financial inclusion in India.