New Delhi: After taking charge as the 26th Governor of the Reserve Bank of India (RBI), Sanjay Malhotra on Wednesday stressed on remaining alert, agile while maintaining continuity and stability in policy.
Addressing his first conference as the RBI governor, Malhotra assured all the decisions will be taken with public interest in mind. While stresses on consultations with other stakeholders, the RBI chief said, “we will collaborate with all stakeholders, financial regulators, governments to further financial inclusions”.
“As we have to be conscious of the fact that we do maintain continuity and stability, we cannot be stuck to it, and we have to be alert and agile to meet challenges,” Malhotra said in his first interaction as RBI Governor with the media.
In his brief statement, Malhotra also stressed that the central bank will continue to interact with all segments, including financial regulators, state governments and the Centre, to continue the Reserve Bank’s legacy.
On his new role as the RBI Governor, Malhotra said, “It is a huge responsibility and I will uphold Reserve Bank’s legacy and take it forward.”
Prior to officially take charge as RBI Governor, Sanjay Malhotra assured that he will work to understand all perspectives and finalise the decisions which would be best for the Indian economy.
“One has to understand the turf, all perspectives and do what’s best for the economy,” Malhotra said while responding to reporters’ queries outside the finance ministry.
Malhota who serves as the Revenue Secretary in the Ministry of Finance, was on December 9, 2024, named by the government to succeed Shaktikanta Das as the governor of the central bank.
Malhotra is a 1990-batch IAS officer of the Rajasthan cadre. He has a vast experience in public policy with expertise in areas like power, finance, and taxation. His role as RBI governor is challenging as the Indian economy is faced with the dual challenge of slowing growth rate and high inflation.
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday assured all the decisions will be taken in consultations with all the stakeholders. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
