Governor Sanjay Malhotra

February 21, 2026 1:27 PM

Global growth to be marginally higher in 2026 supported by tech-related investments: RBI Governor

Reserve Bank of India (RBI) Governor Sanjay Malhotra has said global growth is expected to be marginally higher in 2026 despite escalating geopolitical tensions and rising trade frictions, while asserting that India's economy remains resilient with improving growth prospects and benign inflation, according to minutes of the February 4-6 meeting of the RBI's Monetary Policy Committee. Malhotra had noted that global expansion would be supported by a surge in technology-related investments, conduc...

February 6, 2026 10:19 AM

RBI keeps repo rate unchanged at 5.25%, maintains neutral stance

Reserve Bank of India Governor Sanjay Malhotra on Friday announced that the Monetary Policy Committee (MPC) has unanimously decided to keep the policy repo rate unchanged at 5.25 per cent while maintaining a neutral policy stance. Announcing the decision, the Governor said the MPC arrived at its conclusion after a detailed assessment of evolving macroeconomic conditions and the overall economic outlook. “Since the last policy meeting, external headwinds have intensified. However, the success...

December 10, 2025 11:56 AM

RBI Governor urges banks to lower intermediation costs, improve efficiency

Reserve Bank of India (RBI) Governor Sanjay Malhotra has urged Managing Directors and Chief Executive Officers of public and select private sector banks to reduce intermediation costs and improve operational efficiency, citing the 125 basis points (bps) policy rate reduction since February. “The Governor noted that the 125 basis point easing, combined with greater use of technology, should translate into lower intermediation costs and higher efficiency, thereby supporting sustainable growth a...

November 20, 2025 7:22 PM

Financial stability remains RBI’s top priority, says Governor Sanjay Malhotra

Reserve Bank Governor Sanjay Malhotra on Thursday said that the Reserve Bank of India’s foremost priority is to ensure financial stability and that the central bank is working to simplify regulations wherever possible while retaining essential safeguards. Delivering the VKRV Rao Memorial Lecture at the Delhi School of Economics, Malhotra said the RBI remains “vigilant and alert” to emerging risks and evolving economic conditions. “We do realise that short-term growth can be achieved at...

February 7, 2025 4:47 PM

RBI defers rollout of LCR norms by a year in big relief to banks

In a big relief for banks, RBI Governor Sanjay Malhotra announced on Friday that the implementation of the proposed Liquidity Coverage Ratio (LCR), as well as project financing norms, will be deferred by a year and will not be implemented before March 31, 2026. He said that the step has been taken as the earlier deadline of March 2025 does not give sufficient time for the implementation of these guidelines. The RBI does not want to cause a disruption in the financial system and will ensure a sm...

February 7, 2025 10:54 AM

RBI cuts repo rate by 25 bps to 6.25% in first policy review

Reserve Bank of India (RBI) Governor Sanjay Malhotra confirmed that the Monetary Policy Committee (MPC) had unanimously decided to reduce the policy rate by 25 basis points (bps), from 6.50% to 6.25%. Malhotra addressed the challenges posed by the global economic landscape, highlighting that while high-frequency indicators suggest resilience and growth in trade, overall global growth remains below historical averages. He said, "Progress on global disinflation is stalling, hindered by services p...

February 7, 2025 9:54 AM

RBI likely to cut repo rate by 25 Bps in Governor Sanjay Malhotra’s first policy move

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is set to announce its first monetary policy under new Governor Sanjay Malhotra on Friday. Experts predict that the central bank may reduce the repo rate by 25 basis points (bps) to stimulate economic growth while keeping inflation under control. According to a report by Bank of Baroda, inflationary pressures have eased, primarily due to a decline in the prices of essential vegetables such as tomatoes, onions, and potatoes. Thi...