 "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 emerging as Asia's rate outlier as oil shock fails to shift outlook
RBI Governor Sanjay Malhotra has said the central bank will remain data-dependent, with resilient growth and contained inflation allowing it to keep policy unchanged despite higher oil prices
 "RBI emerging as Asia's rate outlier as oil shock fails to shift outlook")
The story now is not 'lower for longer', but the calm before higher rates
Strong growth, above-target inflation projections and near-zero real interest rates suggest the RBI's dovish stance may not last, raising the prospect of higher rates ahead
 "The story now is not 'lower for longer', but the calm before higher rates")
'Our endeavour is to bring inflation in line with target over medium term'
RBI Governor Sanjay Malhotra said policy will remain guided by headline inflation and evolving growth dynamics, while reaffirming the central bank's data-dependent approach
 "'Our endeavour is to bring inflation in line with target over medium term'")
No early closure of FCNR (B) swap window: RBI Governor Sanjay Malhotra
Governor Sanjay Malhotra says mobilisation under the concessional FCNR(B) swap window remains robust, with no proposal to close the scheme before its September 30 deadline
 "No early closure of FCNR (B) swap window: RBI Governor Sanjay Malhotra")
22 years later, RBI set to resume UCB licensing through on-tap framework
The Reserve Bank of India will soon issue draft guidelines for on-tap licensing of urban co-operative banks, setting stringent eligibility norms for credit co-operative societies seeking conversion
 "22 years later, RBI set to resume UCB licensing through on-tap framework")
Status quo policy: Rate hike may still not be on the cards this year
RBI keeps the repo rate unchanged at 5.25%, raises FY27 growth forecast, trims inflation outlook and leaves the door open on future rate hikes amid global uncertainty
 "Status quo policy: Rate hike may still not be on the cards this year")
RBI sees liquidity surplus peaking in September before normal absorption
Governor Sanjay Malhotra says surplus liquidity is likely to peak around September before being absorbed through higher currency circulation, reserve requirements and maturing forex forwards
 "RBI sees liquidity surplus peaking in September before normal absorption")
Explained: Why RBI wants to restart UCB licensing after a two-decade pause
After a 20-year freeze, the RBI is preparing to issue new UCB licences as reforms, stronger oversight and improving financial health reshape the cooperative banking sector
 "Explained: Why RBI wants to restart UCB licensing after a two-decade pause")
Will continue to prioritise inflation, says RBI governor Sanjay Malhotra
"We have to watch out for monsoon… how it progress because a significant population depends on agriculture," he said
 "Will continue to prioritise inflation, says RBI governor Sanjay Malhotra")
West Asia tensions, weak monsoon key risks for Indian economy: RBI Governor
RBI Governor Sanjay Malhotra said inflation risks remain elevated due to West Asia tensions, rising oil prices and the possibility of a weak monsoon, even as supply-side pressures dominate
 "West Asia tensions, weak monsoon key risks for Indian economy: RBI Governor")
Remain alert to external, domestic risks: RBI governor Sanjay Malhotra
Preserving financial stability more important than ever, says RBI governor Sanjay Malhotra
 "Remain alert to external, domestic risks: RBI governor Sanjay Malhotra")
10-year govt bond yield at three-month low as RBI eases rate worries
The benchmark 10-year bond yield fell 6 basis points to 6.80 per cent as RBI Governor Sanjay Malhotra's remarks eased rate-hike concerns
 "10-year govt bond yield at three-month low as RBI eases rate worries")
Banks must tap digital rails to deepen MSME credit access: RBI Governor
Sanjay Malhotra says financial institutions should leverage ULI, Account Aggregator and other digital platforms to build a more inclusive MSME credit ecosystem
 "Banks must tap digital rails to deepen MSME credit access: RBI Governor")
MPC Minutes: Need to stay watchful on inflation, says RBI governor
The Reserve Bank of India (RBI) on Friday released the minutes of meeting of the Monetary Policy Committee (MPC) held during June 3-5
 "MPC Minutes: Need to stay watchful on inflation, says RBI governor")
RBI, govt charm offensive may draw up to $50 billion global flows
Bond tax exemption, easier access for foreign funds may help cover FY27 BoP gap
 "RBI, govt charm offensive may draw up to $50 billion global flows")
RBI keeps repo rate unchanged at 5.25%; retains 'neutral' policy stance
The Reserve Bank of India held the repo rate at 5.25 per cent for a third straight review, raising its inflation forecast while warning of risks from the prolonged West Asia conflict
 "RBI keeps repo rate unchanged at 5.25%; retains 'neutral' policy stance")
How India can halt capital flight as trade deficit widens, rupee falls
With the rupee nearing the psychologically important 100-per-dollar mark, RBI Guv Malhotra and PM Modi may need to raise interest rates and offer targeted tax incentives to stem capital outflows
 "How India can halt capital flight as trade deficit widens, rupee falls")
RBI may turn to 2013 taper tantrum playbook to defend weakening rupee
The urgency has grown after the rupee slumped to a record low of nearly 97 per dollar this week, driving up import costs and further eroding investors' confidence
 "RBI may turn to 2013 taper tantrum playbook to defend weakening rupee")
RBI raises trading targets for dealers to improve bond market liquidity
The move underscores the RBI's push to deepen liquidity in sovereign debt, a priority that Governor Sanjay Malhotra highlighted this month
 "RBI raises trading targets for dealers to improve bond market liquidity")
MPC to look through West Asia shock if it's transitory: RBI Governor
Coordination with fiscal policy becomes critical amid 'supply shock as bad as it is', says Malhotra
 "MPC to look through West Asia shock if it's transitory: RBI Governor")