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RBI GDP outlook

The Reserve Bank of India's Monetary Policy Committee (MPC) has revised its FY27 GDP growth forecast to 6.7% from 6.6%, citing stronger-than-expected economic performance in the first quarter. The central bank has projected Q1 FY27 growth at 7%, raised its Q2 forecast to 6.4%, while retaining its Q3 and Q4 projections at 6.5% and 6.8%, respectively. It has also estimated Q1 FY28 GDP growth at 7.3%. The RBI expects services, stable employment, robust credit growth and the government's infrastructure push to support growth, although uncertainty over the southwest monsoon, El Niño, geopolitics and global trade policy continues to pose risks.
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CNBC TV18•02-10-2026, 18:26
RBI Appoints Sudhakar Malli as Executive Director, Effective October 2026
  • •The Reserve Bank of India (RBI) has appointed Sudhakar Malli as Executive Director, with his new role commencing on October 1, 2026.
  • •Malli, previously Chief General Manager-in-Charge of the RBI’s Department of Supervision, will now oversee the Department of Supervision (Supervisory Assessment).
  • •A career central banker with three decades of experience, Malli has spent over 25 years in banking supervision, covering banks, NBFCs, and co-operative banks.
  • •His extensive experience also includes five years in supervisory roles in overseas jurisdictions and work in the RBI’s currency management function.
  • •This appointment strengthens the RBI's supervisory framework and highlights Malli's responsibility for supervisory assessment, a critical function for regulated entities.

Key Questions Answered

The Reserve Bank of India appointed Sudhakar Malli as Executive Director, effective October 1, 2026.

In his new role, Sudhakar Malli will oversee the Department of Supervision (Supervisory Assessment).

Sudhakar Malli is a career central banker with around three decades of experience, including over 25 years in banking supervision. He holds a B.Tech degree in Mechanical Engineering and is a Certified Associate of the Indian Institute of Bankers.