Policy Continuity Will Be Maintained: Sanjay Malhotra

 Sanjay Malhotra, the newly appointed Governor of the Reserve Bank of India (RBI), officially assumed his responsibilities on Wednesday. Malhotra addressed the nation's importance of maintaining policy continuity while gearing up to tackle emerging challenges. He assured that RBI would continue its proactive and vigilant approach, adapting to the changing dynamics of the global and domestic economic environment.

In his maiden address, Malhotra stressed the significance of a strong and stable financial system. Reflecting on his predecessors, he noted the need for both technological advancements and systemic resilience. Malhotra asserted the need for strategic foresight, “RBI has always prioritised policy vigilance, and this tradition will be upheld to strengthen India’s financial framework.”

Malhotra took over the reins at the RBI headquarters in Mumbai, emphasising the critical role of policy stability in navigating turbulent times. “Continuity is essential for a robust financial institution like RBI,” he remarked. He also highlighted the importance of maintaining public trust in institutions like RBI, terming it as the foundation of economic stability.

The new governor called for a collective effort to remain cautious amid challenges, urging a balanced approach towards global economic developments and domestic priorities. He concluded that RBI’s legacy of vigilance and policy consistency would remain a guiding principle under his leadership.