Sanjay Malhotra is the new RBI Governor
09 Dec 2024, 10:37 PMMalhotra replaces Shaktikanta Das whose six year tenure comes to an end on December 10, 2024.
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Government of India has appointed Sanjay Malhotra, the current revenue secretary, as the next Governor of the Reserve Bank of India (RBI).
Malhotra has been appointed as the 26th RBI Governor, starting Wednesday. As per a notification issued by the Department of Personnel and Training (DPoT), Malhotra will take on the the RBI Governor role for a period of three years.
Malhotra replaces Shaktikanta Das, whose current term is due to end on December 10. Das has served as RBI Governor for six years -- the second-longest-serving RBI governor after Benegal Rama Rau, who held the position for seven and a half years in the 1950s.
Malhotra is a 1990-batch Indian Administrative Service (IAS) officer of the Rajasthan cadre, holds an Engineering degree in Computer Science from the Indian Institute of Technology (IIT) Kanpur and a Master’s in Public Policy from Princeton University, USA.
Malhotra comes with over 33 years of service across various sectors, including power, finance and taxation, information technology, and mines. Before serving as the Secretary (Revenue) in the Ministry of Finance, he held the position of Secretary in the Department of Financial Services under the Ministry of Finance, Government of India.
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