The Reserve Bank of India has cut the repo rate – the rate at which the RBI lends to other banks – by 25 basis points to 6.25 percent, after keeping it unchanged for two years. This is the first time in five years that the RBI has cut the repo rate, the last being ...

Sanjay Malhotra who is a current Revenue Secretary has been appointed as the new Reserve Bank of India (RBI) Governor. According to a statement from the administration, he will take over the office on Wednesday and serve for the next three years.Malhotra is an Indian Administrative Service (IAS) officer from the Rajasthan cadre enrolled in ...