The government has appointed Revenue Secretary Sanjay Malhotra as the next Reserve Bank Governor. According to the news released by PTI quoting sources, Malhotra, a 1990 batch IAS officer of Rajasthan cadre, will replace Shaktikanta Das, whose tenure is ending on Tuesday (December 10, 2024). Malhotra will be the 26th Governor of RBI. The Appointments Committee of the Cabinet has appointed Revenue Secretary Sanjay Malhotra as the next Governor of the Reserve Bank of India for a three-year tenure with effect from December 11, 2024. Sanjay Malhotra's appointment comes at an important time for the RBI when the economy is going through significant challenges and reforms.
Get to know Sanjay Malhotra
Sanjay Malhotra is a 1990 batch Indian Administrative Service officer of Rajasthan cadre. He is an Engineering Graduate in Computer Science from IIT, Kanpur and a Post Graduate in Public Policy from Princeton University, USA. Demonstrating leadership and excellence in his career spanning over 33 years so far, Sanjay Malhotra has worked in diverse sectors including Power, Finance & Taxation, Information Technology, Mines etc.
In his previous assignment, he held the post of Secretary in the Department of Financial Services under the Ministry of Finance, Government of India. Malhotra has extensive experience in finance and taxation in state and central government.
Shaktikanta Das played many roles
Current Governor Shaktikanta Das has served as Secretary in the Department of Revenue and Department of Economic Affairs in the Ministry of Finance. Das worked on eight Union Budgets. He was also a member of the 15th Finance Commission and Sherpa for India at the G20. Das also served as India's Alternate Governor of the World Bank, Asian Development Bank, New Development Bank and Asian Infrastructure Investment Bank. In the last meeting of the Monetary Policy Committee (MPC), the Reserve Bank kept the repo rate unchanged at 6.5 percent for the 11th consecutive time. While presenting the bi-monthly policy, Das had said that RBI's effort is to control inflation.
Image Credit: India-Tv.