Sanjay Malhotra took charge as the 26th governor of the Reserve Bank of India (RBI).
Malhotra, a career bureaucrat, arrived at the central bank's headquarter this morning, where he was welcomed by senior RBI staffers.
Malhotra recently served as the revenue secretary, signed the documents to take the charge of the important institution that performs a variety of roles.
Deputy Governor, Swaminathan J, M Rajeshwar Rao and T Sankar present when he assumed charge.
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, Shakikanta Das.
GDP growth declined to a sever-quarter low of 5.4% in the September quarter while the October headline inflation was above the 6% mark set for the Central Bank by the government. 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.
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