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 Centre on Monday (December 9, 2024) announced the appointment of Revenue Secretary Sanjay Malhotra as the 26th Governor of the Reserve Bank of India, a day before incumbent Governor Shaktikanta Das’s six-year term comes to an end on Tuesday (December 10, 2024).

A 1990-batch officer of the Indian Administrative Service of the Rajasthan cadre, Mr. Malhotra is a computer science engineering graduate from the Indian Institute of Technology, Kanpur, and has a Master’s degree in Public Policy from the Princeton University, U.S.A, and will take charge of the country’s monetary policy framework and banking regulation at Mint Street on December 11.

Mr. Malhotra will take charge of the Central bank at a challenging time with inflation having been a bugbear, veering off the official median target of 4% for about five years now, even as growth has slowed down sharply in the second quarter of this financial year. He will steer his first monetary policy review from February 5 to 7, 2025.