 "Who is Sanjay Malhotra")
Sanjay Malhotra
Who is Sanjay Malhotra
Senior bureaucrat Sanjay Malhotra is poised to become the 26th Governor of the Reserve Bank of India (RBI). He will take over from Shaktikanta Das, whose six-year tenure at the central bank comes to an end on 10 December, 2024. Malhotra, who is currently working with the Department of Revenue, will take charge as RBI Governor on 11 December.
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Latest Updates on Sanjay Malhotra
RBI goes for extended pause before rate hike amid rising uncertainties
RBI holds rates and signals a prolonged pause, balancing strong domestic fundamentals against rising global risks and persistent uncertainty
 "RBI goes for extended pause before rate hike amid rising uncertainties")
India's banking system resilient, safe, strong: RBI Governor Malhotra
RBI Governor says banking system remains resilient despite recent fraud cases, with no systemic risks seen and strong regulatory oversight in place
 "India's banking system resilient, safe, strong: RBI Governor Malhotra")
'Quite possible that rates will remain low in the near to medium term'
RBI signals policy flexibility amid uncertainty, with stable growth outlook, no rate path commitment, and confidence in inflation control and financial stability
 "'Quite possible that rates will remain low in the near to medium term'")
RBI forex curbs on positions of banks, NDFs will not be permanent: Guv
In a post-monetary policy briefing, Malhotra said the central bank had observed heightened volatility in the foreign exchange market in recent weeks
 "RBI forex curbs on positions of banks, NDFs will not be permanent: Guv")
West Asia conflict may lead to demand shock: RBI Governor Sanjay Malhotra
Elevated crude oil prices could raise imported inflation and widen the current account deficit, he says
 "West Asia conflict may lead to demand shock: RBI Governor Sanjay Malhotra")
RBI Guv Malhotra signals lower rates for longer, trade deal growth boost
MPC keeps repo, stance unchanged; awaits new data series
 "RBI Guv Malhotra signals lower rates for longer, trade deal growth boost")
Surge in gold loans not a cause for concern, says Reserve Bank of India
Banks are shifting from unsecured loans to gold-backed lending amid rising gold prices, but RBI says low LTVs and limited exposure pose no systemic risk
 "Surge in gold loans not a cause for concern, says Reserve Bank of India")
Digital payments safety: Reserve Bank of India proposes discussion paper
Decision on UPI MDR in govt's domain: RBI governor
 "Digital payments safety: Reserve Bank of India proposes discussion paper")
RBI moves to push credit delivery, doubles collateral-free loans to MSMEs
Guv says move is 'indexation for inflation'
 "RBI moves to push credit delivery, doubles collateral-free loans to MSMEs")
Macro fundamentals, including external sector, are strong and healthy: RBI
RBI Governor Sanjay Malhotra says India's macro fundamentals and external sector remain robust as borrowing, liquidity and rate outlook stay comfortable
 "Macro fundamentals, including external sector, are strong and healthy: RBI")
RBI proposes Rs 25,000 compensation for small-value digital frauds
Under a proposed one-time framework, RBI plans to compensate customers for small-value digital frauds up to Rs 25,000, with the central bank and banks sharing the cost
 "RBI proposes Rs 25,000 compensation for small-value digital frauds")
RBI announces stricter fraud rules, mis-selling curbs to protect bank users
The central bank proposed draft rules to curb mis-selling, cap losses from unauthorised digital transactions and tighten recovery practices as part of a wider push to strengthen customer protection
 "RBI announces stricter fraud rules, mis-selling curbs to protect bank users")
India not selling US Treasury holdings despite forex fluctuations: RBI Guv
The country's holdings of long-term US debt had dropped to a five-year low of $174 billion as of November, down 26 per cent from a 2023 peak, according to US government data
 "India not selling US Treasury holdings despite forex fluctuations: RBI Guv")
Here's how RBI is trying to make banking easier for Indians with new rules
RBI MPC: The Reserve Bank of India unveiled plans to protect bank customers, curb digital fraud, ease loan rules for MSMEs, and simplify norms for banks, UCBs and NBFCs
 "Here's how RBI is trying to make banking easier for Indians with new rules")
Trade deals to support India's growth despite global risks: RBI governor
Reserve Bank of India Governor Sanjay Malhotra said India's economy remains on a strong footing despite global challenges, helped by stable inflation and steady growth
 "Trade deals to support India's growth despite global risks: RBI governor")
India's forex stockpile rises to all-time high of $723.8 billion: RBI Guv
The stockpile rose from $709.4 billion, which was already an all-time high
 "India's forex stockpile rises to all-time high of $723.8 billion: RBI Guv")
Holding steady: Banks resilient as global spillovers and risks persist
RBI says banks and NBFCs remain resilient with strong capital and asset quality, but flags risks from unsecured lending and global spillovers in a volatile world
 "Holding steady: Banks resilient as global spillovers and risks persist")
Strong domestic growth will attract foreign investments: RBI Governor
The six-member Reserve Bank of India's Monetary Policy Committee had revised its growth forecast for the current financial year to 7.3 per cent in December from 6.8 per cent in October
RBI governor urges staff to sharpen supervision, regulatory focus
The RBI staff must sharpen their knowledge, enhance their analytical capabilities, embrace technology, and continuously make improvements in processes, Governor Sanjay Malhotra added
RBI completes bond buys, takes FY26 total to a record high of ₹3.16 trn
The central bank bought 500 billion rupees ($5.53 billion) of bonds at higher-than-expected cutoff prices, lifting secondary-market yields