NEW DELHI (AP) — Sanjay Malhotra, a career civil servant, became India’s new central bank governor on Wednesday as the country’s economic growth slows and inflation is rising. The Reserve Bank of India said Malhotra, a former revenue secretary, will formulate India’s monetary policy for the next three years. He succeeds Shaktikanta Das, who retired as RBI governor after an extended six-year term. GDP growth slowed to 5.4% in the quarter ending in September, the weakest level in seven quarters, while inflation in October rose above the central bank’s 6% tolerance band to 6.21%, driven by a rapid rise in vegetable prices. “Malhotra takes over at a time when there is a growing clamor for the R
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