Sanjay Malhotra will be the 26th RBI Governor. File
| Photo Credit: PTI

Sanjay Malhotra will replace Shaktikanta Das as the Governor of the Reserve Bank of India and his appointment, for three years, will take effect on December 11, 2024. Mr. Malhotra will be the 26th RBI Governor.

A 1990-batch IAS officer of the Rajasthan cadre, Mr. Malhotra was the Revenue Secretary to the Government of India. Prior to that, he was working as an officer on special duty (OSD) in the revenue department since October 2022.

Before working as an OSD, he served as the Department of Financial Services (DFS) secretary.

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

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.

Mr. Malhotra is an IIT-Kanpur alumnus and holds a master’s degree in public policy from Princeton University, U.S.

(With inputs from PTI)