Sanjay Malhotra IAS Next RBI Governor
The Appointments Committee of the Cabinet has approved the appointment of Sanjay Malhotra, IAS, Secretary, Department of Revenue as Governor, Reserve Bank of India for a period of three years from December 11, 2024.
Sanjay Malhotra, a 1990-batch Indian Administrative Service (IAS) officer of the Rajasthan cadre, is an accomplished administrator with over 33 years of diverse experience. An engineering graduate in Computer Science from the Indian Institute of Technology (IIT), Kanpur, he also holds a Master’s in Public Policy from Princeton University, USA.
Currently serving as Secretary (Revenue) in the Ministry of Finance, Malhotra has previously held significant roles, including Secretary of the Department of Financial Services under the Ministry of Finance, Government of India. His career spans various sectors such as power, finance and taxation, information technology, and mining.
Renowned for his expertise in finance and taxation, Malhotra has made significant contributions at both state and central levels. In his current role, he is pivotal in shaping tax policies related to direct and indirect taxation, furthering India’s fiscal objectives with innovative strategies and comprehensive governance.
Shaktikanta Das, the current Governor of the Reserve Bank of India (RBI), assumed office on December 12, 2018. He is a retired 1980-batch Indian Administrative Service (IAS) officer from the Tamil Nadu cadre, known for his significant contributions to India’s financial and economic landscape.
Das holds a Master’s degree in History from St. Stephen’s College, Delhi University, and has pursued advanced financial management courses from the Indian Institute of Management (IIM) Bangalore and the National Institute of Bank Management, Pune.
During his career, Das has held several key positions, including Secretary of Economic Affairs and Secretary of Revenue in the Ministry of Finance. He played a crucial role in implementing the Goods and Services Tax (GST) and navigating the economy through demonetisation in 2016.
As RBI Governor, he has been instrumental in steering India’s monetary policy during critical periods, including the COVID-19 pandemic, ensuring liquidity in the market and stabilising the financial system. Under his leadership, the RBI has focused on promoting economic growth, controlling inflation, and strengthening regulatory frameworks.
Das is widely respected for his pragmatic approach and ability to balance economic priorities, making him a pivotal figure in shaping India’s fiscal and monetary policies.
