RBI MPC meet: This is the first time in five years that the RBI’s MPC has decided to cut the repo rate. RBI MPC meet: The Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday announced that the Monetary Policy Committee (MPC) has decided to cut the repo rate by 25 basis points. After…
The rupee is set to breach the 86 level this week as the dollar strengthens against most currencies. MUMBAI: RBI governor Sanjay Malhotra faces his first major challenge after taking office last month. The rupee is set to breach the 86 level this week as the dollar strengthens against most currencies. This will impede efforts…
MUMBAI: RBI governor Sanjay Malhotra on Monday asked colleagues to “strive for perfection” and support the realisation of the Viksit Bharat vision. The career bureaucrat appointed to lead the central bank “reassured” staffers that RBI, an “august institution”, is his “family” now. “I exhort you to strive for perfection in performing our critical roles as…
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: Reserve Bank of India governor Shaktikanta Das has been admitted to a corporate hospital in Chennai, a source told news agency PTI on Tuesday.A spokesperson for the central bank told news agency Reuters that Das was admitted due to ‘acidity’ and there is no ’cause for concern’. He was being monitored, the source…
The Reserve Bank of India (RBI) has issued an advisory warning users about the circulation of deepfake videos featuring its top officials. These deepfake videos featuring RBI governor Shaktikanta Das are doing the rounds on the internet. Created using advanced AI technology to create convincing false visuals, these are reportedly being used to spread misinformation…
RBI Governor Shaktikanta Das has been awarded an ‘A+’ rating for the second year in a row in the Global Finance Central Banker Report Cards 2024. Mahindra Group chairman, Anand Mahindra has praised Das describing him as the “gold medal winner” of the “central bank Olympics.”How Anand Mahindra praised Shaktikanta DasMahindra shared a post on…
April 2024 CPI Inflation: The Consumer Price Index (CPI) inflation for the month of April eased to 4.83%. The rural inflation was reported at 5.43% and urban inflation came in at 4.11%. The CPI inflation for the month of March 2024 stood at 4.85%. RBI’s Monetary Policy Committee has a CPI inflation target of 4%,…
