Ending weeks of speculation, the government on Monday appointed Sanjay Malhotra, currently serving as secretary in the Ministry of Finance, the 26th governor of the Reserve Bank of India (RBI) for a three-year term, effective December 11.
Malhotra, 56, succeeds Shaktikanta Das, who will demit office on Tuesday after successfully shielding the country's financial system from numerous challenges during his six-year tenure, the second longest in RBI's history.
"The Appointments Committee of the Cabinet has approved the appointment of Sanjay Malhotra, Secretary, Department of Revenue, as Governor, Reserve Bank of India, for a period of three years from 11.12.2024," the government notification said.
Malhotra is taking over the reins of the country's central bank at a time when growth in the domestic economy has fallen to a seven-quarter low of 5.4 per cent, with increasing clamour from various quarters to cut interest rates to spur economic growth.
In its recently concluded monetary policy meeting, the RBI lowered its projection for gross domestic product (GDP) growth in 2024-25 from 7.2 per cent to 6.6 per cent, with Q3 growth forecast at 6.8 per cent and Q4 at 7.2 per cent.
この記事は Business Standard の December 10, 2024 版に掲載されています。
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この記事は Business Standard の December 10, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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