Sanjay Malhotra

August 6, 2025 2:30 PM

US Tariff Hike Unlikely to Impact Indian Economy Significantly: RBI Governor

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said that the recent US tariff hike is not expected to have a major impact on the Indian economy, unless retaliatory tariffs come into play. Addressing a press conference following the monetary policy announcement, Malhotra said, “There might not be a major impact of the ongoing uncertainty over the US tariffs on India’s economy. This is subject to retaliatory tariffs coming into the picture, which we do not foresee.” He a...

August 6, 2025 12:32 PM

RBI retains India’s GDP growth forecast at 6.5% for FY 2025-26

The Reserve Bank of India (RBI) on Wednesday retained its GDP growth forecast for India at 6.5% for the financial year 2025-26, citing robust rural demand supported by a favourable monsoon and continued government expenditure on large-scale infrastructure projects. RBI Governor Sanjay Malhotra said, “The above-normal southwest monsoon, lower inflation, rising capacity utilisation, and favourable financial conditions continue to support domestic economic activity. Supportive monetary, regulato...

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 ...

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...