The government has appointed Revenue Secretary Sanjay Malhotra as the 26th Governor of the Reserve Bank of India.
Reserve Bank of India Governor Sanjay Malhotra
RBI Governor News: The Government of India has appointed Revenue Secretary Sanjay Malhotra as the 26th Governor of the Reserve Bank of India.RBI), effective from Wednesday. The Appointments Committee of the Cabinet approved his name for the prestigious post, Malhotra has been appointed for a three-year term.
Who is Sanjay Malhotra?
Sanjay Malhotrawill take over from Shakti Kanta Das, a 1990-batch Indian Administrative Service (IAS) officer from the Rajasthan cadre, whose tenure ends on Tuesday, December 10, 2024. Malhotra, an engineering graduate in Computer Science from Indian Institute of Technology, IIT) Kanpur has also done Masters in Public Policy from Princeton University, USA.
The Sanjay Malhotra Experience
With over 33 years of distinguished service, Malhotra has worked in various sectors, including power, finance and taxation, information technology, and mining. He is currently serving as Secretary (Revenue) in the Ministry of Finance. Earlier, he held the post of Secretary in the Department of Financial Services under the Ministry of Finance.
Expert in finance and taxation
Malhotra brings extensive expertise in finance and taxation at both state and central government levels. In his current role, he has played a key role in shaping tax policy, particularly in direct and indirect taxes, making him well-equipped for his new responsibilities at the helm of the Reserve Bank of India.
After the end of his appointment. The era of Shakti Kanta Das As RBI Governor.
Das, who took over on 12 December 2018 following the sudden resignation of Arjit Patel, was given an extension after completing his initial three-year term.
His leadership was instrumental in stabilizing the markets after Patel’s sudden departure, particularly during a tense period over the issue of surplus transfers between the RBI and the government.