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Bloomberg Television

#India has a new Central Bank Chief #shorts πŸ’ž

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over the last 1 month Narendra modi’s government has been slammed with Rising inflation a slump in economic growth and the rup hitting record lows those woring numbers could have caused India’s Central Bank Governor a term extension Shakti das’s six-year tenure ended with sanj Malhotra being brought in as a replacement in a last minute announcement that took many by surprise Das was known to be a tough regulator imposing penalties merging Banks and helping reduce bad loans to Historic lows but recently his monetary policies had come into question by Modi government officials the Finance Minister was among those calling for lower borrowing costs but even during his final announcement th opted to keep great steady das’s successor now inherits the tough Balancing Act of managing Rising prices and slowing growth like Das Malhotra is not a trained Economist but the 56-year-old Princeton educated bureaucrat could be seen as closely aligned with the government on policy matters uh the huge responsibility that we have in ensuring that the growth that this country actually has that continues

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