Revenue Secretary Sanjay Malhotra to be RBI Governor
Indian Administrative Services (IAS) officer Sanjay Malhotra as the next governor of the Reserve Bank of India (RBI) for a three-year term, succeeding Shaktikanta Das, whose tenure ends Tuesday. Malhotra takes over at a time of high inflation and slowing growth amid calls for rate cuts to bolster the economy.
The IAS officer, currently secretary, department of revenue, is from the 1990 batch and belongs to the Rajasthan cadre.
«The Appointments Committee of the Cabinet has approved the appointment of Sanjay Malhotra as governor, RBI, for a period of three years starting from December 11, 2024,» the government announced Monday. The department of financial services in the finance ministry later issued a notification on Malhotra's appointment by the central government.
A career bureaucrat, Malhotra, has an engineering degree in computer science from the IIT, Kanpur, and a master's degree in public policy from Princeton University in the US.
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