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Tag: Shaktikanta Das

Revenue secretary Sanjay Malhotra to be next RBI governor – Times of India
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Revenue secretary Sanjay Malhotra to be next RBI governor – Times of India

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 hours before Das's tenure was to end. Like his predecessors, Malhotra has been given a 3-year term starting Dec 11. The appointment was a surprise for Malhotra himself and he was said to be coming to grips with the development as he left North Block on Monday evening.IAS topper from 1990 batch, Malhotra - who has been poring over Budget proposals and preparing for the crucial GST Council meeting later this month - will leave IAS more t...
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Sanjay Malhotra is the new RBI Governor for a three-year term
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Sanjay Malhotra is the new RBI Governor for a three-year term

Revenue Secretary Sanjay Malhotra has been appointed as the new RBI Governor replacing Shaktikanta Das whose tenure ends on December 10, 2024. File | Photo Credit: PTI The Appointments Committee of the Cabinet, on Monday (December 9, 2024), has appointed Sanjay Malhotra as the new Reserve Bank of India (RBI) Governor for a period of three years.Mr. Malhotra was the Revenue Secretary to the Government of India.Mr. Malhotra was a 1990 Batch Rajasthan Cadre IAS Officer,Mr. Malhotra will replace Shaktikanta Das whose six year tenure at the helm of the Reserve Bank of India comes to an end on Tuesday (December 10, 2024). Published - December 09, 2024 05:38 pm ISTSource link
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New RBI Governor: Revenue Secretary Sanjay Malhotra To Replace Shaktikanta Das
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New RBI Governor: Revenue Secretary Sanjay Malhotra To Replace Shaktikanta Das

The government announced on Monday that Sanjay Malhotra, currently the revenue secretary for the government of India, will take over as the governor of the Reserve Bank of India (RBI). His tenure will be three years, starting from December 11, 2024. Malhotra, an experienced bureaucrat, will assume the role of the 26th Governor of the Reserve Bank of India, succeeding Shaktikanta Das, whose term concludes on Tuesday. Das, appointed as RBI Governor in December 2018, has exceeded the usual five-year tenure that has been the norm in recent decades. About Sanjay Malhotra Sanjay Malhotra is a 1990 batch Indian Administrative Service (IAS) officer from the Rajasthan cadre. He holds a degree in Computer Science Engineering from the Indian Institute of Technology, Kanpur, and a Master's in Public P...
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Why did RBI governor Shaktikanta Das-led MPC not cut repo rate despite GDP shocker? Top 5 points to know – Times of India
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Why did RBI governor Shaktikanta Das-led MPC not cut repo rate despite GDP shocker? Top 5 points to know – Times of India

What was RBI’s policy rationale for keeping the repo rate unchanged? RBI MPC meeting: The Reserve Bank of India’s Monetary Policy Committee (MPC) on Friday decided to keep the key repo rate unchanged at 6.5% by a 4:2 majority. The decision to keep the repo rate at status quo comes at a time when the Consumer Price Index (CPI) inflation is still above RBI’s comfort band of 2-6%. On the other hand, with the Q2 FY25 GDP data coming in at a disappointing 5.4%, all eyes are on the central bank to support growth.While most economists and market experts did not expect the RBI to cut the repo rate, a Cash Reserve Ratio (CRR) cut had been anticipated. The RBI announced a 50 basis points reduction in the CRR from 4.5% to 4% in two tranches. RBI also revised downwards its GDP growth forecast for FY25...
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RBI MPC Dec Meet: Panel Continues To Keep Key Rates Unchanged, Repo Rate At 6.5 Per Cent
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RBI MPC Dec Meet: Panel Continues To Keep Key Rates Unchanged, Repo Rate At 6.5 Per Cent

RBI MPC Dec Meet: The Reserve Bank of India (RBI) on Friday maintained the status quo on benchmark interest rates. The central bank’s Monetary Policy Committee (MPC) announced key repo rates at 6.5 per cent, keeping it unchanged yet again. The committee undertook this measure with a 5:1 majority, making this the 11th consecutive time the regulator chose to maintain the status quo on interest rates. Notably, the last time the MPC changed the key rates was in February 2023. #WATCH | Mumbai | RBI Governor Shaktikanta Das says, "The Standing Deposit Facility (SDF) rate remains at 6.25% and the Marginal Standing Facility (MSF) rate and the Bank Rate at 6.75%..."(Source: RBI) pic.twitter.com/hg2GS9dQh5 — ANI (@ANI) December 6, 2024MSF and SDF Rates Sharing details of the meeting, Go...
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