Revenue secretary Sanjay Malhotra appointed as new RBI governor

Revenue secretary Sanjay Malhotra appointed new RBI governor

Updated on: Dec 9, 2024, 19:20:46 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

Revenue secretary Sanjay Malhotra has been appointed as the new Reserve Bank of India governor, an official notification from the Centre's cabinet committee stated on Monday.

Malhotra, a 1990 batch Rajasthan cadre IAS Officer, will replace Shaktikanta Das, whose tenure comes to an end on Tuesday. He will be the 26th governor of the central bank.

Malhotra was appointed as revenue secretary in October 2022, succeeding Tarun Bajaj, who retired that year.

He is an engineering graduate in computer science from the Indian Institute of Technology, Kanpur, and has a Master's in Public Policy from Princeton University, the US.

Union revenue secretary Sanjay Malhotra is new RBI governor

In his career of over 33 years, he has worked in multifarious sectors, including power, finance and taxation, information technology, and mines, among others.

Presently, he is the Secretary (Revenue) in the Ministry of Finance.

In his previous assignment, he held the post of Secretary in the Department of Financial Services under the Ministry of Finance.

Sanjay Malhotra succeeds Shaktikanta Das

Shaktikanta Das was appointed as the 25th governor of the RBI on December 12, 2018, after the abrupt exit of Urjit Patel.

He was granted an extension after completing three-year terms in office.

Das, while unveiling bi-monthly policy last week, made it clear that the RBI has been acting as per the flexibility offered by the statutes to the central bank and that its effort is to keep the inflation horse on a tight leash.

Over the past six years, Das has dealt with a slew of challenges, including Covid-19 and wars in Ukraine and the Middle East.

He has been awarded the central banker of the year for two successive terms at global forums for his deft navigation of the fastest growing major economy in the world.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Reserve Bank

Get the latest India News, breaking headlines and real-time updates from across the country. Stay informed about politics, government policies, crime, weather and major national developments.