New RBI Governor Advocates Agility in Economic Strategy

Sanjay Malhotra, the newly appointed RBI Governor, vows to maintain policy continuity and stability, while stressing the necessity for agility in response to global economic and political changes. In his initial address, Malhotra also highlighted collaboration with stakeholders and the use of technology for enhancing financial inclusion.

In a decisive move for India's central banking system, Sanjay Malhotra took over as the Reserve Bank of India's 26th Governor, following the tenure of Shaktikanta Das. Malhotra underscored the importance of sustaining policy continuity and stability while also adapting swiftly to current global economic and political challenges.

Addressing the media shortly after assuming his new role, Malhotra acknowledged that while continuity in policy is crucial, the bank must also stay flexible and responsive. His focus remains on fostering discussions with financial regulators and government entities to uphold the Reserve Bank's enduring legacy.

Furthermore, Malhotra committed to leveraging technology to boost financial inclusion across the nation, showcasing a forward-thinking vision for the RBI under his leadership.

(With inputs from agencies.)