New Delhi:
Sanjay Malhotra, a 1990-batch IAS of Rajasthan cadre, has been appointed as the Governor of the Reserve Bank of India (RBI). He will succeed Shaktikanta Das as the RBI chief.

Here are 5 facts on Sanjay Malhotra:

Revenue Secretary Sanjay Malhotra has been appointed as the new RBI Governor replacing Shaktikanta Das whose tenure ends on December 10, 2024. File
| Photo Credit: PTI

The Appointments Committee of the Cabinet, on Monday (December 9, 2024), has appointed Sanjay Malhotra as the new Reserve Bank of India (RBI) Governor for a period of three years.

Mr. Malhotra was the Revenue Secretary to the Government of India.

Mr. Malhotra was a 1990 Batch Rajasthan Cadre IAS Officer,

Mr. Malhotra will replace Shaktikanta Das whose six year tenure at the helm of the Reserve Bank of India comes to an end on Tuesday (December 10, 2024).

Mr. Malhotra, 56, will be the 26th RBI Governor. 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.

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

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

He has extensive experience in finance and taxation at the state as well as the central government levels. As a part of his present assignment, he plays an instrumental role in tax policy formulation in respect of direct and indirect taxes.

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

(With inputs from PTI)