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Sanjay Malhotra Appointed As New Governor of RBI

Malhotra was born in Bikaner, Rajasthan, he earned a Bachelor of Technology degree in Computer Science from the Indian Institute of Technology, Kanpur. ​And then completed a master’s degree in Public Policy from Princeton University, America.

Career civil servant and new central bank governor Sanjay Malhotra will replace Shaktikanta Das. The 56-year-old Princeton graduate will take over amid economic challenges such as slow growth and persistent inflation. His appointment is seen as promoting better coordination between fiscal and monetary policies.

Sanjay Malhotra is an IAS officer serving as the current and 26th Governor of the Reserve Bank of India (RBI) from 2024.

He is a 1990-batch Indian Administrative Service officer of Rajasthan cadre. Prior to this, he served as Secretary (Revenue) in the Ministry of Finance, Government of the Republic of India. In his previous assignment, he held the post of Secretary in the Department of Financial Services under the Ministry of Finance, Government of the Republic of India.

Earlier, he served as Chairman and Managing Director of Rural Electrification Corporation and Additional Secretary in the Ministry of Power, Government of the Republic of India. Before this, he served in various positions in the Government of Rajasthan.