Sanjay Malhotra, who was Revenue Secretary with the Finance Ministry, today began his three year term as the new RBI Governor. He will address the media at 3 pm today.

Governor Sanjay Malhotra outlined his vision for the central bank, focusing on continuity, stability, and inclusivity during his first media interaction after taking charge as the 26th governor. Malhotra described his appointment as “both an honour and a huge responsibility” and stressed the RBI’s critical role in shaping India’s economic future.

Sanjay Malhotra takes charge at the Mint Street headquarters of the Reserve Bank of India (RBI) at a time when the country’s financial system and the economy in general are broadly charting a stable phase,