PWOnlyIAS
December 10, 2024 07:13
656
0
New RBI Governor Sanjay Malhotra is the twenty-sixth governor of the Reserve Bank of India (RBI), effective December 11, 2024. Know more about Sanjay Malhotra’s Biography here.
New RBI Governor: On December 09, 2024, The Central Government has appointed Sanjay Malhotra as its New Reserve Bank of India (RBI) Governor by making an official announcement. Sanjay Malhotra, a 1990- IAS batch and IIT Kanpur Alumni, will be succeeding the outgoing Governor Shaktikanta Das, the 25th Governor of the RBI. Keep on reading to get insights into Sanjay Malhotra’s biography, his qualifications, tenure, and background.
Sanjay Malhotra is a 1990 batch Indian Administrative Service (IAS) officer from the Rajasthan cadre. Before being appointed as the RBI Governor, he served as the Secretary, of the Department of Financial Services (DFS), Ministry of Finance, India. He is known for his strategic leadership, especially in policy formulation, banking sector reforms, and initiatives like digital payments and financial inclusion. His expertise in handling fiscal policies and banking regulations has been a driving force behind his appointment as the new RBI Governor in 2024.
| Sanjay Malhotra Biography | |
| Name | Sanjay Malhotra |
| Date of Birth | February 14, 1968 |
| Position | RBI Governor |
| Batch | 1990 Batch IAS Officer (Rajasthan Cadre) |
| Previous Position | Secretary, Department of Financial Services (DFS) |
| Date of Appointment | December 09, 2024 |
| State | Rajasthan, India |
| Educational Qualification | B.tech from IIT Kanpur, a Master’s in Public Policy from Princeton University |
| Experience | Over 30 years in financial services, public administration, and policy implementation |
| Specialization | Fiscal policy, banking sector reforms, digital finance, and financial inclusion |
Sanjay Malhotra is a graduate of Electrical Engineering from the Indian Institute of Technology (IIT), Kanpur. He also holds a Master’s in Public Policy from Princeton University, which strengthened his expertise in fiscal policy and administration.
Sanjay Malhotra has had a commendable career spanning over 33 years. His experience includes leadership roles across key sectors such as finance, taxation, power, IT, and mining. Malhotra’s expertise and strategic decision-making have significantly contributed to India’s economic development and financial stability.
| Role | Position & Contributions |
| Revenue Secretary, Ministry of Finance | Spearheaded the formulation of tax policies, enhanced tax revenue collection, and played a key role in strengthening India’s fiscal health. |
| Secretary, Department of Financial Services (DFS) | Directed reforms in the banking sector, initiated policies for financial inclusion, and strengthened the financial system. |
| Chairman & MD, REC Ltd. | Led REC Ltd., a government-owned power sector finance company, through its growth phase, driving financial growth and development in the power sector. |
| Other Roles | Held prominent positions in sectors like power, mining, and information technology, where his contributions fostered institutional growth and stability. |
The tenure of the New RBI Governor is generally fixed at 3 years, but it can be extended based on performance and government approval. Sanjay Malhotra’s appointment is likely to follow the same pattern, with his tenure expected to last from December 11, 2024, to December 2027, unless an extension is provided.
The New RBI Governor will pay a pivotal role in shaping India’s monetary policy. He will also regulate the financial sector, and maintaining the country’s economic stability. Some key responsibilities of the Governor are:
Ready to boost your UPSC 2025 preparation? Join PW’s UPSC online courses today!
UPSC Exam 2025 Related Articles
UPSC Prelims 2025 Exam
UPSC Notification 2025
UPSC Preparation 2025
UPSC Eligibility 2025
UPSC Exam Pattern
UPSC Syllabus
.png)
Connect with our experts to get free counselling & start preparing
Learn From India's Best Faculty
Learn From India's Best Faculty
<div class="new-fform">
</div>
Latest Comments