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Sanjay Malhotra is a 1990 batch Indian Administrative Service (IAS) officer of Rajasthan cadre.
The government has appointed Revenue Secretary Sanjay Malhotra as the new Governor of the Reserve Bank of India (RBI). He will be the 26th Governor of RBI and will replace the current Governor Shaktikanta Das.
RBI Governor Sanjay Malhotra Appointment | Shaktikanta Das Tenure Sanjay Malhotra will be the new Governor of RBI: Will take charge on December 11, replacing Shaktikanta Das, who has been governor for 6 years.
Das’s term ends on December 10, 2024. Malhotra will take over as Governor from December 11. The Cabinet has today approved the appointment of Sanjay Malhotra on 9th December.
Shaktikanta Das was made the Governor on 12 December 2018. His tenure was later extended for three years. He had replaced Urjit Patel.
Pressure on RBI to cut interest rates
The new governor is taking charge at a time when the central bank is in a difficult situation. Pressure on the RBI to cut interest rates is mounting as growth fell to a seven-quarter low of 5.4% in the July-September period. During Das’s tenure, RBI kept the interest rates unchanged for almost two years citing the risk of inflation.
Sanjay Malhotra is an expert in finance and taxation.
Sanjay Malhotra, a 1990 batch Indian Administrative Service (IAS) officer of Rajasthan cadre, holds an engineering degree in Computer Science from the Indian Institute of Technology (IIT) Kanpur and a master’s degree in Public Policy from Princeton University, USA.
Malhotra has worked in various sectors including power, finance and taxation, information technology and mines. He has more than 33 years of experience.
Before serving as Secretary (Revenue) in the Ministry of Finance, he held the post of Secretary in the Department of Financial Services under the Ministry of Finance, Government of India. Malhotra has expertise in finance and taxation at both the state and central government levels.
Malhotra is counted among PM Narendra Modi’s favorite officers.
In matters of finance, Malhotra is counted among the reformist and strong working officers. He has experience of working in almost all the departments of Rajasthan. He is a resident of Rajasthan. Malhotra is counted among PM Narendra Modi’s favorite officers.
This thing is famous about Sanjay Malhotra- Before working on any issue, they do extensive research on it. Even while roaming or walking in the park, they keep searching, listening and watching something or the other from the internet. When a presentation is given in front of the CM, it is given quoting that research only. In such a situation, the deep impact of his words and thoughts is seen in every meeting.
Shaktikanta Das is a 1980 batch IAS officer.
Shaktikanta Das is a 1980 batch IAS officer. He is an officer of Tamil Nadu cadre. Till May 2017, he was the Secretary of Economic Affairs. He became the 25th Governor of the country. Even when demonetization took place in November 2016, Das was on the main front.
Das has held various positions. Das also served as a member of the 15th Finance Commission. Das has represented India in BRICS, International Monetary Fund and SAARC. He is a post graduate from Stephen College, Delhi.
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Shaktikanta Das became the world’s top banker for the second consecutive year: Global Finance gave this award to the RBI Governor, he got A+ grade in the Central Bank Report Card 2024.
Reserve Bank of India i.e. RBI Governor Shaktikanta Das has been elected the world’s top central banker for the second consecutive year. Shaktikanta Das has once again got A+ grade in the Central Bank Report Card 2024. This award has been given to the RBI Governor by Global Finance in Washington DC, America.
RBI has shared some photos of Shaktikanta Das receiving the award on social media platform X. Global Finance had announced this award two months ago.
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