The Reserve Bank of India (RBI) has appointed Sanjay Malhotra as its new Governor, effective December 11, 2024. He takes over from Shaktikanta Das, who led the central bank for six years. Malhotra, an experienced IAS officer, brings a wealth of knowledge from his previous roles, including Secretary of the Department of Financial Services and Revenue Secretary. His appointment comes at a critical juncture, as India navigates challenges like inflation, global economic instability, and post-pandemic recovery.
With a deep understanding of India’s financial sector, Malhotra is expected to play a pivotal role in shaping the country’s monetary policy. His expertise in managing the financial services sector positions him well to address inflation control, currency stability, and sustainable economic growth. As the country faces increasing inflation and fiscal challenges, Malhotra’s leadership is expected to instill confidence in the RBI’s ability to steer India’s economy forward. His experience and knowledge will likely help in continuing the RBI’s role as a key stabilizing force in the Indian economy.
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