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…
RBI governor Shaktikanta Das MUMBAI: Reserve Bank of India (RBI) on Friday kept the policy rate unchanged for the 11th consecutive time at 6.5%, cut the economic growth forecast to 6.6% for 2024-25 from the earlier 7.2%, and reduced the cash reserve ratio (CRR) by 50 basis to 4%, which is expected to release nearly…
ATMs are equipped with a mechanism that automatically retrieves unattended currency notes. (AI image) ATM cash retraction new rules: The Reserve Bank of India has now partly reversed its January 2012 directive that had mandated disabling of cash retraction in ATMs. The original decision was taken to prevent fraudulent activities at ATMs.ATMs are equipped with…
The slump in growth has also sharpened the debate over whether the central bank is doing enough to support the world’s fastest-growing major economy. One of India’s worst GDP growth misses in recent memory is suddenly adding more pressure on central bank Governor Shaktikanta Das, who still hasn’t gotten an extension even though his term…
India’s economy grew at its slowest pace in seven quarters, with gross domestic product (GDP) expanding just 5.4% year-on-year in the July-September quarter, well below the 6.5% expected by analysts. The slowdown, driven by weaker manufacturing and private consumption, marks a sharp decline from the 6.7% growth recorded in the April-June period.Manufacturing, a key driver…
MUMBAI: Reserve Bank of India governor Shaktikanta Das has reiterated that the central bank’s war against inflation is not yet over, indicating that rates will remain higher for longer.“By emphasising our firm commitment to realign inflation with the target, we also categorically say that it is not enough to be within the tolerance band, and…
A Delhi High Court has ordered the State Bank of India (SBI) to compensate a customer, Hare Ram Singh, who lost Rs 2.6 lakh to a phishing attack. The court found SBI negligent in handling Singh’s complaint and failing to prevent the fraudulent transactions.Singh, a victim of a cyberattack, promptly notified SBI’s customer care and…
File photo: Former RBI governor Raghuram Rajan High public debt can’t be left to fester in the US and its peers in a world that is prone to more pandemics than before, former Reserve Bank of India governor Raghuram Rajan said.Speaking to reporters in Rome, the one-time chief economist of the International Monetary Fund warned…
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…
