The Government of India has appointed Revenue Secretary Sanjay Malhotra as the new Governor of the Reserve Bank of India (RBI). He will be the 26th Governor of RBI and will take over from the current Governor Shaktikanta Das. Sanjay Malhotra will assume office on December 11, 2024.
The Cabinet approved this appointment on December 9. Shaktikanta Das’s term will end on December 10, 2024. He was appointed as the RBI Governor on December 12, 2018, and his tenure was extended for three more years. He replaced Urjit Patel as the Governor.
Sanjay Malhotra’s appointment has raised new expectations for the future direction of RBI. It is expected that Malhotra will focus on GDP growth, inflation, bank restructuring, and the development of digital banking.
Sanjay Malhotra: Expert in Finance and Taxation
Sanjay Malhotra, a 1990-batch Indian Administrative Service (IAS) officer from the Rajasthan cadre, holds a degree in Computer Science Engineering from IIT Kanpur and a Master’s in Public Policy from Princeton University, USA.
Malhotra has worked in several sectors including power, finance, taxation, information technology, and mines, and has over 33 years of experience. He has previously served as Secretary (Revenue) in the Ministry of Finance and as Secretary in the Department of Financial Services under the Ministry of Finance. Malhotra has deep expertise in finance and taxation at both the state and central government levels.
Shashi Rai
