New RBI Governor Sanjay Malhotra: To Ensure Policy Continuity, Stability

Sanjay Malhotra, the newly appointed 26th Governor of the Reserve Bank of India, began his three-year term on December 11, 2024. In his first press conference, following the announcement by the Appointments Committee of the Cabinet on December 9, Malhotra emphasized his commitment to upholding the legacy of the RBI and advancing its core mission. He highlighted the importance of policy stability, assuring the public that all decisions made by the RBI would prioritize public interest. Malhotra also outlined his vision to leverage technology to reduce operational costs and further enhance financial inclusion in India.