RBI Governor

No signs of overheating in economy; data suggest some slack still persists: DG Gupta

Sanjay Malhotra has made structural changes to banking regulation to bring down costs and increase efficiency. Plus, he kicked off a benign interest regime. But there are challenges ahead

Reserve Bank Governor Sanjay Malhotra on Tuesday met the MD and CEO of public sector banks and select private sector banks here and urged them to pass on the rate cut to support sustainable growth. Since February 2025, the RBI has trimmed the key policy rate by 125 basis points to 5.25 per cent to support growth. India recorded an 8 per cent GDP growth in the first half of the current financial year. During the meeting, the RBI Governor observed that while there has been steady improvement in the health and operations of the banking sector in 2025, banks must avoid complacency and remain vigilant in a dynamic environment, the central bank said in a statement. He noted that the 125 basis points easing, combined with greater use of technology, should translate into lower intermediation costs and higher efficiency, thereby supporting sustainable growth and deeper financial inclusion, it said. Emphasising better customer service, he urged banks to focus on reducing grievances and ...

The RBI under him prizes stability, yet remains open to reform. The onus is on the banking industry to prove it deserves Malhotra's trust

Repo rate cut by 25 bps, stance still neutral; liquidity boost via ₹1 trn OMO in Dec

The rate cut comes at a time when housing sales across the top Indian cities are moderating, with affordability concerns being one of the key factors behind the plateauing

Additionally, he highlighted that unsecured retail loans account for less than 25 per cent of the overall retail book of the banking sector

RBI Governor Sanjay Malhotra says Sebi's move to let banks enter non-agri commodity derivatives requires amending the Banking Regulation Act and is under review after a prior rejection

RBI MPC meeting December 2025 HIGHLIGHTS: Reserve Bank of India (RBI) Governor Sanjay Malhotra will announce the outcome of the Monetary Policy Committee's (MPC's) December meeting today

RBI Governor Sanjay Malhotra said the central bank does not target exchange-rate levels and intervenes only to curb abnormal volatility

The RBI MPC revised its inflation forecast downward from 2.6 per cent to 2 per cent in the December meeting

The Reserve Bank of India (RBI) on Monday announced the appointment of Usha Janakiraman as an Executive Director (ED) in the Department of Supervision. Janakiraman was serving as the Chief General Manager-in-Charge of the Department of Regulation in the RBI's Central Office in Mumbai prior to this, an official statement said. Her appointment is effective from December 1, 2025. Janakiraman has an experience of over three decades in the Reserve Bank, and has worked in the areas of regulation, external investment and operations, banking supervision, public debt management, currency management and other areas in the Reserve Bank. As Executive Director, Janakiraman will look after the Department of Supervision (Risk, Analytics and Vulnerability Assessment), it said. She is a Chartered Accountant, the central bank statement said.

These comments come a week ahead of the meeting of the six-member monetary policy committee that starts from December 3. The decision in the meeting will be announced on Friday, December 5

Governor Sanjay Malhotra says the central bank supports innovation but will prioritise systemic stability as crypto decisions rest with the government

Financial stability remains the 'North Star' for the central bank

He said that in a truly competitive market, banks might have sought to recover these additional costs from fintechs, but doing so could have slowed the pace of technological adoption.

RBI Deputy Governor Swaminathan J said regulators should coordinate to reduce overlaps and close gaps without hindering innovation, calling for proportional and outcome-based regulation

The US HIRE Act aims to boost job creation in the US by discouraging companies from outsourcing work to other countries

Govt banks stay away from auction

Reserve Bank Governor Sanjay Malhotra opined that there is room for a further rate cut and indicated it would be done at an opportune time to have a desirable impact, according to the minutes of the monetary policy committee (MPC) meeting released on Wednesday. The governor, along with five other members of the MPC, had voted for the status quo on the short-term benchmark lending rate at the meeting that concluded on October 1. During the meeting, Malhotra said the benign outlook for headline and core inflation as a result of the downward revision of projections opens up policy space to further support growth. "...even though there is a policy space to further cut the policy rate, I feel this is not the opportune time for the same, as it will not have the desirable impact. "Therefore, I vote to keep the policy repo rate unchanged at 5.50 per cent. The intent of policy, nevertheless, is to continue to facilitate growth-enabling conditions," he said. MPC member and RBI Deputy Govern