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.

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.

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

The former revenue secretary also said he was "conscious of the fact that we do maintain continuity and stability."

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 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,

IAS officer Sanjay Malhotra has been appointed as the 26th RBI Governor, succeeding Shaktikanta Das. With inflation at 6.2 per cent and GDP growth slowing, Malhotra faces critical decisions on India’s monetary policy.

Sanjay Malhotra, the newly appointed Governor of the Reserve Bank of India (RBI), officially took charge on Wednesday for a three-year term starting December 11, 2024.