Sanjay Malhotra today took charge as the 26th Governor of the Reserve Bank of India (RBI) for a three-year term, succeeding Shaktikanta Das, whose tenure ended on December 10. Malhotra, a 1990 Batch Rajasthan Cadre IAS officer, has extensive experience in the Indian bureaucracy and is currently serving as the Secretary (Revenue) in the Ministry of Finance.
Shri Sanjay Malhotra takes charge as the 26th Governor of Reserve Bank of India for the next 3 years w.e.f December 11, 2024#RBI #rbigovernor #sanjaymalhotra #rbitoday pic.twitter.com/aa7UdIcWIS
— ReserveBankOfIndia (@RBI) December 11, 2024
Malhotra’s appointment comes at a crucial time when the RBI faces key challenges, including inflation control and slowing economic growth. He previously served as the Secretary of the Department of Financial Services, where he played a vital role in shaping India’s financial landscape.
His leadership will be pivotal in steering the central bank through economic turbulence while maintaining stability in India’s monetary policy. With a strong background in financial services, Malhotra is expected to continue the RBI’s crucial role in India’s economic development.
This appointment marks a new chapter for the RBI, bringing a fresh perspective to the governance of India’s central bank.
