https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Meet the New RBI Governor, IAS Sanjay Malhotra!

Mr Malhotra, a seasoned bureaucrat, will take over as the 26th governor of the RBI, with his tenure set to begin on December 11, 2024.
Indian Masterminds Stories

In a significant move, the government has appointed senior IAS officer Sanjay Malhotra as the new Governor of the Reserve Bank of India (RBI), ending months of speculation about a possible extension for the current governor Shaktikanta Das.

He currently serves as the Secretary (Revenue) in the Ministry of Finance and has previously held the position of Secretary in the Department of Financial Services.

Mr Malhotra, a seasoned bureaucrat, will take over as the 26th governor of the RBI, with his tenure set to begin on December 11, 2024.

Malhotra, a 1990-batch Rajasthan cadre IAS officer, will assume office for a period of three years. His appointment comes at a critical time for the central bank, as it faces challenges such as inflation control and slowing economic growth.

Mr Malhotra succeeds Shaktikanta Das, an IAS officer of 1980 batch from Tamil Nadu cadre, whose term is set to conclude on December 10, 2024. Mr Das, appointed as RBI Governor in December 2018, has already exceeded the typical five-year tenure, marking a historic period of leadership at the apex bank. During his time at the RBI, Das steered the institution through turbulent economic times, including tackling inflation and guiding monetary policy.

Before taking over as RBI Governor, Das played an instrumental role in the Indian government, notably as a key official during a challenging period marked by strained relations between the government and the central bank. He was also involved in shaping India’s fiscal landscape as a member of the 15th Finance Commission and served as India’s G20 Sherpa. With over four decades of experience in governance, Das has held pivotal roles across the central and state governments, particularly in finance, taxation, and infrastructure. A postgraduate from St. Stephen’s College, Delhi University, Das was actively involved in the preparation of eight Union Budgets, showcasing his expertise in fiscal policy.

ABOUT SANJAY MALHOTRA

Mr Malhotra is a Computer Science graduate from the IIT, Kanpur, and has a Master’s in Public Policy from Princeton University, US. In a career spanning over 33 years, Mr Malhotra has worked in several sectors including power, finance and taxation, information technology, mines etc.

He assumed the role of Chairman and Managing Director of REC in November 2020. Before this, he served as Additional Secretary in the Ministry of Power. In 2022, while serving as the Secretary in the Department of Financial Services (DFS), Sanjay Malhotra was nominated by the Central Government as a Director of the RBI, before later being appointed as the Revenue Secretary.

With vast experience in finance and taxation across both state and central governments, he has been a key figure in shaping tax policies. According to the Department of Revenue’s website, Mr. Malhotra played a pivotal role in the formulation of both direct and indirect tax policies.

The Central Board of Directors oversees the functioning of the RBI, and given Mr Malhotra’s extensive experience in this domain, he was a strong contender for the position of RBI Governor. He has a long-standing background in finance and taxation at both the state and central government levels.

With Malhotra now stepping into the role, attention will turn to how he navigates the complex economic landscape, continuing the RBI’s crucial work in stabilizing the economy and managing inflation.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Nitish Kumar
Bihar: CM Nitish Kumar Vows to Create 1 Crore Jobs for Bihar Youth in Next 5 Years, Highlights Major Development Milestones
Vishnu Deo Sai CM
Chhattisgarh Government Approves Rs 1,390 Crore for Four New Medical Colleges and Healthcare Projects
Pushkar Singh Dhami CM
Uttarakhand Government Launches Free Pre-Recruitment Training for Agniveer Aspirants Across All Districts
Airports Authority of India AAI
PESB Finds Candidates Unsatisfactory for AAI Member (Operations) Post, Calls for New Selection Process
justice-photo
Next CJI of India: Find Out Who’s Set to Become the New Chief Justice – Full Story Inside
IPS Ratan Lal Dangi
Who Is IPS Ratan Lal Dangi? Chhattisgarh Police Officer Accused of Harassment by SI’s Wife; IG Anand Chhabra Assigned Probe - Full Story
Yogi Adityanath Ayodhya visit in Diwali
UP: CM Yogi Adityanath Orders Fire Stations Every 100 Km on Expressways, Approves 1,020 New Posts in Fire Services
SDM Chhotu Lal Sharma
Who Is SDM Chhotu Lal Sharma? The 2015-Batch RAS Officer Caught in Yet Another Scandal After Slapping Petrol Pump Employee
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-10-19 at 12.23
UPSC Journey Should Be Enjoyable, Not Cumbersome
WhatsApp Image 2025-10-16 at 15.16
The Many Facets of Former IRS Officer and Author, Giselle Mehta | Video Interview
IDES Saquib Alam
Beyond IAS and IPS: The Inspiring Work of an IDES officer | Video Interview 
ADVERTISEMENT
UPSC Stories
IAS Rupal Rana UPSC
How Rupal Rana Cracked UPSC CSE 2023 with AIR 26 After Four Attempts
UPSC Topper Rupal Rana secured AIR 26 in 2023 after four attempts. Learn her preparation strategy, booklist,...
Ankita Parashar RAS 2023
4 Attempts, 1 Dream, 0 Excuses: Meet RAS Topper Ankita Parashar, Who Fulfilled a Daughter’s Promise & Secured Rank 2 | Exclusive Interview
Ankita Parashar, a teacher-turned-officer from Pushkar, fulfilled her late father’s dream by securing...
Kushal Chaudhary RAS
From Lab Assistant’s Grit to Rajasthan Topper: How Kushal Chaudhary Topped RAS 2023 with Self-Study | Preparation, Strategy & Interview
Kushal Chaudhary, a farmer’s son and lab assistant from Ajmer, topped RAS 2023 through self-study, overcoming...
Social Media
IFS Parveen Kaswan
Heartbreak by the River: 15-Day-Old Elephant Calf Rejected by Mother, Rescued by IFS Parveen Kaswan and His Team
Jaldapra, West Bengal: In a moving incident that tugs at the heart, a 15-day-old elephant calf was rescued...
Ashwini Bhide IAS and Anand Mahindra
Who Is IAS Ashwini Bhide, Hailed as a Role Model for Mumbai Metro Transformation by Anand Mahindra?
From heritage to high-tech: Bhide’s leadership in Metro Line 3 earns public praise and admiration
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Nitish Kumar
Bihar: CM Nitish Kumar Vows to Create 1 Crore Jobs for Bihar Youth in Next 5 Years, Highlights Major Development Milestones
Vishnu Deo Sai CM
Chhattisgarh Government Approves Rs 1,390 Crore for Four New Medical Colleges and Healthcare Projects
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-10-19 at 12.23
WhatsApp Image 2025-10-16 at 15.16
IDES Saquib Alam
ADVERTISEMENT
ADVERTISEMENT