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
CM mohan yadav
CM Dr. Mohan Yadav to Lay Foundation Stone for Four Industrial Units in Sehore on August 2
Reserve-Bank-of-India_RBI_resized
Two Years After Withdrawal, Rs2,000 Notes Worth Rs6,017 Cr Still with Public: RBI
Maritime India
Sonowal Says India’s Maritime Sector Charts Green Future Under Maritime India Vision 2030
IRCTC
IRCTC Appoints Manoj Kumar Sharma as Director (Catering Services) with Additional Charge- Know More About Him
Ministry of Commerce
Nearly 2 Lakh Startups Registered on BHASKAR Platform Across India, Asserts Commerce Ministry
Union Bank of India UBI
Union Bank of India Elevates Vipan Singh as Chief General Manager Following Superannuation of Chander Mohan Minocha
India Algeria defence cooperation
India-Algeria Defence Seminar Boosts Bilateral Ties and Industrial Cooperation - Details Inside
Rahul Kumar
German Delegation Led by Rahul Kumar to Visit Uttarakhand, Focus on Youth Skill Development and Indo-German Cooperation
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Karn Satyarthi
How IAS Karn Satyarthi Transformed Gumla Through Empathy and Innovation
Ananth Rupanagudi IRAS
IRAS Ananth Rupanagudi’s Take on Corruption, Reform, and Duty
WhatsApp Image 2025-07-26 at 13.16
What Most Indians Don't Know About Jim Corbett
ADVERTISEMENT
UPSC Stories
BPSC Bihar police
From Lantern Light to Police Uniform: How Praveen Kumar from a Small Bihar Village Cracked BPSC to Become SDPO
From a lantern-lit village in Bihar to becoming an SDPO, Praveen Kumar's journey is a testament to resilience,...
IAS Priyansha Garg
Why Mindset Matters: IAS Priyansha Garg’s Mental Health Mantra for UPSC
After two failed prelims, Priyansha Garg cracked UPSC with AIR 31 in her fourth attempt, proving how...
Ashish Akshat
From Setback to State Topper: How Ashish Akshat Topped JPSC While Working Full-Time
Ashish Akshat from Dhanbad topped JPSC 2023, proving that resilience, discipline, and family support...
Social Media
Mudumalai Tiger Reserve
Mudumalai Tiger Reserve: From India’s First Sanctuary to a Tiger Conservation Success Story | International Tiger Day Special
IAS Supriya Sahu Hails Mudumalai's Role in Tiger Conservation on Tiger Day. Declared in 1940, Now Among...
Mangroves
Mangroves: Nature’s Shield Against Disasters, Says Officer Parveen Kaswan on Mangroves Day - Watch His Post Here
Mangroves, with their dense, interlaced root systems, form a mesh-like structure that serves as a buffer...
Retired IPS Inderjit Singh Sidhu
Purpose Doesn’t Retire: How 88-Year-Old Retired DIG Becomes Chandigarh’s ‘Quiet Warrior’ of Cleanliness
Inderjit Singh Sidhu’s Dawn Patrol Earns Applause, Mahindra’s Praise for a Man Who Chose Action Over...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
CM mohan yadav
CM Dr. Mohan Yadav to Lay Foundation Stone for Four Industrial Units in Sehore on August 2
Reserve-Bank-of-India_RBI_resized
Two Years After Withdrawal, Rs2,000 Notes Worth Rs6,017 Cr Still with Public: RBI
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Karn Satyarthi
Ananth Rupanagudi IRAS
WhatsApp Image 2025-07-26 at 13.16
ADVERTISEMENT
ADVERTISEMENT