India's central bank chief, the RBI governor, believes easing rules on banks funding company takeovers is a smart move. This change should really help the actual economy by making it simpler for businesses to get money for buying other companies or growing. Ultimately, this is expected to get the economy humming and drive growth nationwide. Sanjay Malhotra RBI Governor Press Conference Highlights: Sanjay Malhotra, who was Revenue Secretary with the Finance Ministry, today began his three year term as the new RBI Governor. Sanjay Malhotra is an IAS officer and the current Governor of the Reserve Bank of India since 2024. He has served in various positions in the Rajasthan government, the UNIDO, the Ministry of Finance and the Ministry of Revenue. The central government has appointed Sanjay Malhotra, the current Revenue Secretary, as the new Governor of the Reserve Bank of India (RBI), replacing Shaktikanta Das, whose tenure ends on December 10.
