Sanjay Malhotra has made structural changes to banking regulation to bring down costs and increase efficiency. Plus, he kicked off a benign interest regime. But there are challenges ahead.IMAGE: Reserve Bank of India Governor Sanjay Malhotra addresses the SBI Banking Economics Conclave in Mumbai, November 7, 2025. Photograph: ANI Video Grab During his second monetary policy press meet in April this year, Reserve Bank of India Governor Sanjay Malhotra observed that while his name is Sanjay, he is not the San ...