Sanjay Malhotra Has Vast Experience, I'm Sure He Will Do His Best: Outgoing RBI Governor Shaktikanta Das

Das also extended his wishes to the new Governor of RBI, Sanjay Malhotra. He said, "Sanjay Malhotra has vast experience, I am sure he will do his best..."

Meanwhile, on Monday, the government announced that Sanjay Malhotra, the current revenue secretary, has been appointed as the next RBI Governor. His tenure will be for three years starting from December 11, 2024

Source : PTI

The outgoing Governor of the Reserve Bank of India (RBI), Shaktikanta Das, said on Monday that restoring the inflation-gross balance is the most important task ahead of the RBI. He added that he is confident that the central bank will move forward under the leadership of the new governor.

"First, so far as the Reserve Bank is concerned, I think restoring the inflation-gross balance is the most important task ahead of the Reserve Bank, and I am sure the Team RBI, under the leadership of the new Governor, will take it forward,” he said.

Das also extended his wishes to the new Governor of RBI, Sanjay Malhotra. He said, "Sanjay Malhotra has vast experience, I am sure he will do his best..."

Das added,  "Teamwork in the Reserve Bank was perhaps, in my experience, at a very high level. I got excellent cooperation from every member of my RBI team, each of my colleagues did their best during the trying times of Covid. My journey as the Governor of the RBI...I was fortunate to get this opportunity, and I tried to give my best to the institution, to its policies in the best interest of the economy"

Early Monday morning, Das shared a series of tweets on X (formerly Twitter) thanking everyone for their support during his tenure with RBI. “Will demit office as Governor RBI later today. Thank you everyone for your support and good wishes,” he wrote.

Will demit office as Governor RBI later today. Thank you everyone for your support and good wishes.(1/5)

— Shaktikanta Das (@DasShaktikanta) December 10, 2024

Immensely grateful to the Hon’ble PM @narendramodi for giving me this opportunity to serve the country as Governor RBI and for his guidance and encouragement. Benefited a lot from his ideas and thoughts. (2/5)

— Shaktikanta Das (@DasShaktikanta) December 10, 2024

Heartfelt thanks to Hon’ble FM @nsitharaman for her constant support and backing. The fiscal-monetary coordination was at its best and helped us to deal with the multiple challenges during the last six years. (3/5)

— Shaktikanta Das (@DasShaktikanta) December 10, 2024

I thank all the stakeholders in the financial sector and in the economy; experts and economists; industry bodies and associations; organisations in the agriculture,cooperative & service sectors for their inputs and policy suggestions. (4/5)

— Shaktikanta Das (@DasShaktikanta) December 10, 2024

A BIG thank you to the entire Team RBI. Together, we successfully navigated an exceptionally difficult period of unprecedented global shocks. May the RBI grow even taller as an institution of trust and credibility. My best wishes to each one of you. (5/5)

— Shaktikanta Das (@DasShaktikanta) December 10, 2024

Meanwhile, on Monday, the government announced that Sanjay Malhotra, the current revenue secretary, has been appointed as the next RBI Governor. His tenure will be for three years starting from December 11, 2024.