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. 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. RBI Governor News: The Government of India has appointed Revenue Secretary Sanjay Malhotra as the 26th Governor of the Reserve Bank of India (RBI), effective Wednesday. The Appointments Committee of the Cabinet cleared his name for the prestigious position, with Malhotra set to serve a three-year term. Who is Sanjay Malhotra? Sanjay Malhotra has been appointed as the next Governor of the Reserve Bank for three years, succeeding Shaktikanta Das. The 1990 Batch IAS officer has extensive experience in public policy.
