Sanjay Malhotra, in his first remarks after assuming charge as the Secretary of the Department of Financial Services, emphasized the importance of policy stability and adaptability in the face of economic challenges. As a key figure at the Reserve Bank of India (RBI), Malhotra assured that the central bank would continue to focus on maintaining stability in monetary policy while remaining agile to address any unforeseen challenges.
Source:- bbc news
Malhotra highlighted that, under his leadership, the RBI would work to ensure that the financial ecosystem remains resilient and well-regulated. He acknowledged the complex nature of the global economic environment and the need for the RBI to be proactive in responding to emerging risks, especially in light of recent global uncertainties.
Source:- news 18
He stressed the need for robust policies that cater to India’s unique economic context, while also being flexible enough to respond to fast-evolving global financial dynamics. According to Malhotra, this balance would enable the RBI to maintain control over inflation and currency stability, critical components of the country’s economic strength.
In his address, Malhotra also highlighted the RBI’s commitment to fostering sustainable growth, innovation, and inclusive financial systems. He pointed to the necessity of ensuring adequate liquidity, as well as facilitating a conducive environment for businesses and individuals to thrive.
Malhotra’s comments reflect the RBI’s determination to uphold its responsibility of managing monetary policy, while acknowledging the need to remain flexible in response to both domestic and international economic changes. His emphasis on policy stability paired with the need for agility is seen as crucial for navigating the challenges posed by the evolving global financial landscape. This approach aims to support India’s broader economic goals and ensure the central bank’s role in fostering long-term stability.
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