Sanjay Malhotra Appointed RBI Governor to Succeed Shaktikanta Das

Sanjay Malhotra, revenue secretary in the ministry of finance, has been appointed as the next governor of Reserve Bank of India. The appointment comes when the incumbent, Shaktikanta Das, finishes his term this month and will cause a major shift in India’s central banking leadership.

A 1990-batch IAS officer belonging to the Rajasthan cadre, Malhotra brings in experience with his 33-year long career. An alumnus of Indian Institute of Technology (IIT) Kanpur with a degree in Computer Science, and of Princeton University where he had done a Master’s in Public Policy, his experience cuts across power, finance, taxation, and public administration.

Malhotra will succeed as Revenue Secretary, an office that will have him spearheading crucial tax reforms and policy initiatives to strengthen India’s economic resilience. His appointment is timely as the RBI grapples with issues of inflation management, monetary policy adjustments, and recovery in economic growth.

The new RBI Governor, Malhotra, the 26th RBI Governor, is expected to bring the experience of his lifetime to balance the price stability, economic growth, and financial inclusion in the central bank.

The RBI change brings a new chapter in its life to fight the emerging challenges of the domestic and global financial landscape.