Sanjay Malhotra, who was Revenue Secretary with the Finance Ministry, today began his three year term as the new RBI Governor.

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

Newly appointed RBI Governor Sanjay Malhotra on Wednesday said the central bank will maintain continuity and stability in policy matters with a greater use of technology to promote financial inclusion.

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, a career civil servant and India's new central bank governor, replaces Shaktikanta Das. The 56-year-old, a Princeton graduate, takes charge amid economic challenges like slowing growth and persistent inflation.

Sanjay Malhotra is an IAS officer who has been appointed as the new RBI Governor, replacing Shaktikanta Das with a tenure of three years starting December 10.

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.

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

The new RBI Governor takes charge at a time when the Indian economy faces significant challenges. GDP growth slowed to a seven-quarter low of 5.4 percent in the September quarter, and inflation remains above the 6 percent threshold set for the central bank by the government.