<p>Mumbai: Sanjay Malhotra on Wednesday took charge as the 26th Governor of the <a href="https://www.deccanherald.com/tags/reserve-bank-of-india">Reserve Bank of India</a> (RBI).</p><p>Malhotra, a career bureaucrat, arrived at the central bank's headquarter this morning, where he was welcomed by senior RBI staffers.</p><p>The central bank confirmed Malhotra's appointment through a post on the microblogging site "X" and also shared a few pictures.</p><p>Malhotra, who recently served as the Revenue Secretary, signed the documents to take the charge of the important institution that performs a variety of roles.</p><p>Deputy Governors Swaminathan J, M Rajeshwar Rao, and T Rabi Sankar were present when he assumed charge.</p>.'MA in History' Shaktikanta Das silences critics; leaves behind robust RBI.<p>Malhotra, an IAS officer of the Rajasthan cadre comes at the helm of RBI at a very critical juncture, where growth and inflation balance has "unsettled" as per his predecessor Shaktikanta Das.</p><p>GDP Growth declined to a seven-quarter low of 5.4 per cent in the September quarter while the October headline inflation was above the 6 per cent mark set for the central bank by the government.</p><p>Analysts are expecting the RBI to cut interest rates at the forthcoming policy review in February and are of the opinion that Malhotra's appointment "cements" the possibility.</p><p>Under Das, the Reserve Bank maintained a status quo on key rates for 11 consecutive meetings over nearly two years as it prioritised to tame inflation. It also diagnosed the slow growth as a result of high inflation.</p><p>Malhotra is scheduled to interact with the press later in the day, where he may spell out his focus areas.</p>
<p>Mumbai: Sanjay Malhotra on Wednesday took charge as the 26th Governor of the <a href="https://www.deccanherald.com/tags/reserve-bank-of-india">Reserve Bank of India</a> (RBI).</p><p>Malhotra, a career bureaucrat, arrived at the central bank's headquarter this morning, where he was welcomed by senior RBI staffers.</p><p>The central bank confirmed Malhotra's appointment through a post on the microblogging site "X" and also shared a few pictures.</p><p>Malhotra, who recently served as the Revenue Secretary, signed the documents to take the charge of the important institution that performs a variety of roles.</p><p>Deputy Governors Swaminathan J, M Rajeshwar Rao, and T Rabi Sankar were present when he assumed charge.</p>.'MA in History' Shaktikanta Das silences critics; leaves behind robust RBI.<p>Malhotra, an IAS officer of the Rajasthan cadre comes at the helm of RBI at a very critical juncture, where growth and inflation balance has "unsettled" as per his predecessor Shaktikanta Das.</p><p>GDP Growth declined to a seven-quarter low of 5.4 per cent in the September quarter while the October headline inflation was above the 6 per cent mark set for the central bank by the government.</p><p>Analysts are expecting the RBI to cut interest rates at the forthcoming policy review in February and are of the opinion that Malhotra's appointment "cements" the possibility.</p><p>Under Das, the Reserve Bank maintained a status quo on key rates for 11 consecutive meetings over nearly two years as it prioritised to tame inflation. It also diagnosed the slow growth as a result of high inflation.</p><p>Malhotra is scheduled to interact with the press later in the day, where he may spell out his focus areas.</p>