Sanjay Malhotra, a career civil servant, has become India’s new central bank governor as the country’s economic growth slows and inflation is rising. The Reserve Bank of India said on Wednesday that Malhotra, a former revenue secretary, will formulate India’s monetary policy for the next three years.
NEW DELHI — Sanjay Malhotra , a career civil servant, became India ’s new central bank governor on Wednesday as the country’s economic growth slows and inflation is rising.
“Malhotra takes over at a time when there is a growing clamor for the RBI to ease policy rates in order to support growth. His challenge will be to steer the central bank through a period of global and domestic uncertainty,” the Indian Express newspaper said in an editorial.
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