MUMBAI: Stocks and bond markets could expect a straight-talking new RBI governor who is focussed on growth and faster technology adoption by banks. However, brokerages are divided if Sanjay Malhotra, the incoming RBI chief, would go for a faster easing of interest rates.According to a report by Goldman Sachs, Malhotra’s expertise in taxation has played…
MUMBAI: Outgoing RBI governor Shaktikanta Das said that restoring the inflation-growth balance is the most important task ahead for his successor Sanjay Malhotra.In his last press conference as governor, Das highlighted the importance of coordination between RBI and govt in curbing inflation. “Govt undertook a lot of supply-side measures which helped RBI check inflation. The…
MUMBAI: Markets regulator Sebi plans to use government’s DigiLocker system to reduce instances of unclaimed assets in the securities market. This includes MF folios and stocks left with fund houses and depositories after the death of an investor. The regulator has proposed that fund houses and depositories should provide demat and MF holding statements on…
The Haldiram founding family has been considering various strategic alternatives. Haldiram in demand! Alpha Wave Global, formerly Falcon Edge and a Tiger Global Management spinoff, has submitted a binding proposal to acquire a portion of Haldiram Snacks Food, India’s premier snack and convenience foods manufacturer. According to informed sources, this transaction could rank amongst India’s…
New RBI governor Sanjay Malhotra MUMBAI: RBI’s incoming governor Sanjay Malhotra faces the challenge of balancing economic growth, inflation, and exchange rate stability – a battle that outgoing governor Shaktikanta Das was still fighting. At the same time, he has to deal with regulatory reforms affecting bank lending, curbing digital fraud, and addressing retail financial…
Women aged between 18 and 70 who have completed their 10th-grade education are eligible to apply, said Nirmala Sitharaman NEW DELHI: The Bima Sakhi scheme will help increase the number of women in Life Insurance Corporation‘s agent force, said finance minister Nirmala Sitharaman on Monday. Out of every 100 agents, the state-run insurer currently has…
Revenue secretary Sanjay Malhotra (File photo) NEW DELHI: Government on Monday sprung a surprise by naming revenue secretary Sanjay Malhotra, 56, as the 26th Reserve Bank of India governor to replace Shaktikanta Das, whose six-year stint on Mumbai’s Mint Road ends on Tuesday.After weeks of suspense, the appointments committee of cabinet zeroed in on Malhotra…
Sanjay Malhotra is an Indian Administrative Service Officer of 1990 Batch Rajasthan Cadre. Sanjay Malhotra, the Revenue Secretary, has been appointed as new Reserve Bank of India (RBI) governor by the Narendra Modi government. Malhotra will succeed Shakikanta Das whose tenure is scheduled to end on December 10, 2024. Sanjay Malhotra will be the 26th…
NEW DELHI: The revenue secretary Sanjay Malhotra has been appointed the 26th governor of the Reserve Bank of India. A 1990 Batch Rajasthan Cadre IAS Officer, Malhotra will succeed Shaktikanta Das, who concludes his term on December 10, 2024. The appointments committee of the cabinet approved Malhotra’s appointment for a three-year term, commencing Wednesday.New RBI…
NEW DELHI: Back with founder Tata Group, Air India has decided to add 100 more Airbus to its historic 470-aircraft places in 2023. Air India on Monday confirmed placing an order to purchase 100 more Airbus aircraft — 10 widebody A350s and 90 narrowbody A320 Family aircraft, including A321neo. These 100 new aircraft are in…
