Sanjay Malhotra, a career civil servant, has become India's new central bank governor as the country's economic growth slows and inflation is rising.

India's newly-appointed central bank governor Sanjay Malhotra on Wednesday said he will look to ensure stability and continuity in policymaking for the benefit of the economy. "All businesses, all people they do need this (policy) stability rather than (a) day-to-day kind of a policy,