Sanjay Malhotra

April 9, 2025 11:11 AM

RBI cuts repo rate by 25 bps to 6% amid deepening global trade war

The Reserve Bank of India (RBI) on Wednesday cut the repo rate by 25 basis points, reducing it from 6.25 per cent to 6 per cent, in a bid to support the economy amid growing global headwinds stemming from sweeping tariffs and retaliatory duties imposed by US President Donald Trump on several countries, including India. Announcing the decision after the MPC's three-day meeting held on April 7, 8, and 9, RBI Governor Sanjay Malhotra stated, "After a detailed assessment of the evolving macroecon...

February 7, 2025 11:40 AM

RBI launches exclusive ‘.bank.in’ domain to tackle financial frauds, enhances digital security measures

RBI Governor Sanjay Malhotra introduced a new '.bank.in' internet domain for Indian banks and stricter authentication protocols for digital transactions on Friday, as part of his unveiling of the Monetary Policy. "The Reserve Bank shall implement the bank.in exclusive internet domain for Indian banks," Malhotra said. In a bid to reduce online financial fraud, the RBI will implement the 'bank.in' domain exclusively for banks in India starting April 2025. Malhotra emphasized that this initiativ...

December 11, 2024 9:40 PM

Continuity, inclusion, and innovation will be priorities, says RBI Governor Sanjay Malhotra

Sanjay Malhotra, the newly appointed Governor of the Reserve Bank of India (RBI), outlined his vision for the central bank after assuming office on Wednesday. Malhotra emphasized that his tenure would focus on policy continuity, financial inclusion, and innovation while addressing the evolving challenges of the global economy. Reflecting on the RBI’s legacy, Malhotra acknowledged the institution's significant responsibility and the contributions it has made over the years. "It is a huge r...

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...