RBI Governor | DD News

July 25, 2025 10:08 PM

Anuradha Thakur nominated as director on RBI Central Board

The Central Government has nominated Anuradha Thakur, Secretary of the Department of Economic Affairs, as a Director on the Central Board of the Reserve Bank of India (RBI), replacing Ajay Seth. According to an official release issued on Friday, Thakur's appointment is effective from July 24, and will remain in effect until further notice. Earlier in the day, RBI Governor Sanjay Malhotra stated that the Reserve Bank’s monetary policies are forward-looking, with the Monetary Policy Committee ...

July 25, 2025 4:15 PM

UPI payments need to be made financially sustainable for long-term viability: RBI Governor

The era of completely free digital transactions via the Unified Payments Interface (UPI) may not last forever, RBI Governor Sanjay Malhotra said on Friday, adding that the UPI framework should be made financially sustainable going forward. Speaking at an event in Mumbai, Malhotra said the current model—where users pay no fees and the government subsidises banks and other stakeholders—may not be viable in the long run. “Costs will have to be paid. Someone will have to bear the cost,” he...

July 25, 2025 3:36 PM

India–UK FTA will boost Indian manufacturing, services: RBI Governor

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said the India–UK Free Trade Agreement (FTA) is expected to provide a boost to multiple sectors of the Indian economy, including manufacturing and services. Speaking at an event in Mumbai, Malhotra said that with multilateralism losing momentum globally, such bilateral agreements are becoming increasingly important for India’s trade strategy. “The UK FTA is the way forward, because unfortunately, multilateralism appears to ha...

March 14, 2025 12:12 PM

India has taken the lead in financing green energy projects: RBI Governor

India has taken the lead in financing renewable energy projects by including them under priority sector lending to accelerate the country's transition to a low-carbon economy in its fight against climate change. Addressing a policy seminar on Climate Change Risks and Finance, RBI Governor Sanjay Malhotra said, “Central banks in advanced economies have traditionally followed an asset-neutral approach. However, central banks in emerging markets and developing economies have adopted directed len...

December 9, 2024 6:45 PM

Revenue Secretary Sanjay Malhotra appointed new RBI Governor

Sanjay Malhotra, the current Revenue Secretary at the Ministry of Finance, has been appointed as the new Governor of the Reserve Bank of India (RBI). His tenure will begin on December 11, 2024, and will last for three years, as confirmed by the Department of Personnel and Training on Monday. A 1990-batch Indian Administrative Service (IAS) officer from the Rajasthan cadre, Malhotra is an Engineering graduate in Computer Science from IIT Kanpur and holds a Master's degree in Public Policy from P...

October 14, 2024 3:24 PM

Heavy reliance on AI could lead to concentration risks in the financial sector: RBI Governor

The Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday cautioned that heavy reliance on artificial intelligence (AI) could lead to concentration risks in the financial sector. Speaking at the 90th High-Level Conference organized by the RBI in New Delhi, Governor Das expressed concern that the growing use of AI could enable a few technology providers to dominate the market, creating systemic vulnerabilities. "The heavy reliance on AI can lead to concentration risks, especially when ...

August 21, 2024 3:31 PM

RBI Governor Shaktikanta Das ranked top central banker for second year in a row

Reserve Bank of India (RBI) Governor Shaktikanta Das has received an "A+" rating in the Global Finance Central Banker Report Cards for the second consecutive year. Prime Minister Narendra Modi congratulated Governor Das for achieving the highest rating among central bank chiefs. The annual assessment, conducted by Global Finance magazine, evaluates the performance of central bank governors from nearly 100 key economic regions worldwide. Das shares the top honor with only two other central bank...

September 16, 2024 5:03 PM

PM Modi to address ceremony marking 90 years of RBI in Mumbai today

Prime Minister Narendra Modi will address a ceremony marking 90 years of the Reserve Bank of India in Mumbai today (Monday), the central bank said. The event will also be attended by Union Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das. "Join us for the commemoration of the 90th year of Reserve Bank of India (RBI@90). Address by Hon'ble Prime Minister @narendramodi and by Hon'ble Finance Minister @nsitharaman. Welcome address by RBI Governor @dasshaktikanta," RBI said in a...