New Delhi, May 8 (IANS) Economists on Friday said they do not expect the Reserve Bank of India (RBI) monetary policy committee to exhibit any urgency to tighten policy as yet amid fast-evolving geopolitical situation.RBI Governor Sanjay Malhotra said last month that Central Bank is closely monitoring the fallout from the West Asia conflict and will not make firm commitments on the future path of policy rates.He signalled that the central bank was in no hurry to move on rates. “We are in a wait-a…
Latest Sanjay Malhotra News & Updates
New Delhi, May 2 (IANS) The government has appointed Rohit Jain as a deputy governor of the Reserve Bank of India, according to an official notification.Jain’s appointment will take effect from May 3 and will be for a tenure of three years, the notification said.He is currently serving as an executive director at the central bank.Jain succeeds T. Rabi Sankar, who retired late last month. His portfolio allocation as deputy governor is yet to be announced.The appointment comes at a time when the…
New Delhi, May 2 (IANS) The Reserve Bank of India (RBI) Governor Sanjay Malhotra said that India’s macroeconomic fundamentals remain robust despite geopolitical tensions and flagged risks from high public debt in major economies.The RBI Governor warned that continued fiscal expansion abroad, together with rising defence spending amid geopolitical tensions, could strain global fiscal sustainability.He cautioned that stretched valuations in some asset classes, especially in the technology sector…
Jabalpur, May 1 (IANS) The Madhya Pradesh government on Friday initiated stringent action against those found negligent in the cruise accident at Bargi Reservoir in Jabalpur. Cruise pilot Mahesh Patel, helper Chhotelal Gond, and ticket counter in-charge (Front Office Assistant) Brijendra were dismissed from service with immediate effect, the government said in a statement on Friday evening.It further stated that Sunil Maravi, manager of Hotel Maikal Resort and Boat Club Bargi, has been sus…
Bhopal, May 1 (IANS) In the aftermath of the tragic cruise accident in the waters of Bargi, in Madhya Pradesh’s Jabalpur, Chief Minister Mohan Yadav has taken decisive steps to hold those responsible accountable. Through his official X handle, he announced strict measures against the individuals found prima facie guilty of negligence. The services of Cruise Pilot Mahesh Patel, Cruise Helper Chhotelal Gond, and Ticket Counter In-Charge Brijendra have been terminated with immediate effect.Sunil …
New Delhi, April 30 (IANS) The Secretary, Department of Financial Services (DFS), on Thursday instructed banks to adopt the MuleHunter.AI tool developed by the Reserve Bank of India at the earliest to timely identify and prevent mule accounts involved in financial cyber frauds. The Secretary chaired a meeting with the Commissioner of Police, Hyderabad, and senior officials from the Indian Cyber Crime Coordination Centre, the Central Bureau of Investigation, the Reserve Bank of India, the Indi…
New Delhi, April 29 (IANS) If the US-Iran conflict remains unresolved for a long duration, it can make the task of central banks arduous in their endeavour to rein in inflation expectations while minimising growth sacrifice, a new SBI Research report said on Wednesday.In uncertain times, a good central bank should be cautious about false precision, forceful against high-cost tail risks, systematic enough to preserve credibility, flexible enough to adapt, and transparent enough that uncertainty a…
New Delhi, April 27 (IANS) Sanjay Malhotra, Governor of the Reserve Bank of India, on Monday visited a financial literacy camp organised by the CRISIL Foundation at its Centre for Financial Literacy (CFL) in Sahaspur, Dehradun district.The camp was conducted for members of self-help groups from the gram panchayats of Bhopalpani, Badasi and Soda Sarauli.During his visit, Malhotra emphasised the importance of financial literacy in empowering citizens and strengthening long-term financial stability…
New Delhi, April 24 (IANS) India’s currency may be under pressure in the short term, but its long-term story remains compelling, Chief Economic Adviser V. Anantha Nageswaran has said, describing the rupee as “fundamentally undervalued” and an attractive opportunity for investors.Speaking to Bloomberg, Nageswaran said the current valuation of the rupee offers a strong entry point, particularly for long-term investors looking at India’s growth potential.His remarks come at a time when the …
New Delhi, April 23 (IANS) Global economic conditions and sentiments have soured after the outbreak of the West Asia conflict, adversely impacting the growth-inflation outlook, Governor Sanjay Malhotra said in the latest RBI Bulletin on Thursday, adding that Central Bank would remain vigilant of the evolving situation and put in place policies that prioritise the best interest of the economy.The conflict in West Asia has intensified pressures on the global supply chains in March with some easing…