RBI Governor Appointment: Sanjay Malhotra Takes Over Latest 2024

      
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RBI Governor Appointment: The Government of India has appointed Sanjay Malhotra as the 26th Governor of the Reserve Bank of India (RBI). The Appointments Committee of the Cabinet has approved Malhotra’s name. He has been appointed RBI Governor for 3 years with effect from 11 December.

RBI Governor Appointment Sanjay Malhotra
RBI Governor Appointment Sanjay Malhotra

RBI Governor Appointment Sanjay Malhotra

RBI Governor Appointment Sanjay Malhotra
RBI Governor Appointment Sanjay Malhotra

Let us tell you that Malhotra is currently working as Revenue Secretary in the Finance Ministry and will take charge of the Reserve Bank of India for a tenure of three years from 11 December.

Let us tell you that after Urjit Patel suddenly left the post of Governor, Shaktikanta Das was RBI Governor Appointment as the 25th Governor of RBI on December 12, 2018. He was given an extension in service after completing his 3-year tenure. His second term ends on Tuesday.

Pressure on RBI to cut interest rates

Sanjay Malhotra is taking charge as the 26th Governor of RBI at a time when the central bank is in a difficult situation. Pressure is increasing on RBI to cut interest rates because the growth rate in the July-September period has fallen to a seven-quarter low of 5.4%. During Das’s tenure, RBI kept the interest rates unchanged for almost two years citing the risk of inflation.

RBI Governor Appointment Sanjay Malhotra: 33 years of work experience.

RBI Governor Appointment Sanjay Malhotra
RBI Governor Appointment Sanjay Malhotra

Malhotra is a 1990-batch Indian Administrative Service (IAS) officer of the Rajasthan cadre. Malhotra holds a Bachelor of Engineering degree in Computer Science from IIT-Kanpur and a post-graduation in Public Policy from Princeton University, USA.

Malhotra has over 33 years of experience across various sectors including finance, power, IT, taxation, and mines. He has served in senior roles at both the Central and State levels. Before he was appointed Revenue Secretary in December 2022, he was Secretary of the Department of Finance Services, where he played a key role in pursuing finance reforms and strengthening the banking sector.

He has also played an important role in promoting growth in tax collections and has also served as the ex-officio Secretary of the GST Council.

  • Sanjay Malhotra known for his strategic thinking, Malhotra has previously held the post of chairman and managing director of state-run REC.
  • Sanjay Malhotra does extensive research on any issue before working on it. Even while roaming or walking in the park, they keep searching, listening, and watching something or the other on 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.

RBI Governor Appointment: Counted PM Modi’s Favorite Officer’s List

In financial matters, Malhotra is counted among the reformist and strong working officers. He has experience working in almost all the departments of Rajasthan. He is a resident of Rajasthan. Malhotra is counted among PM Narendra Modi’s favorite officers.

About Shakti kant das

Shaktikanta Das is a 1980 batch IAS officer. He is an officer of the 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 is a postgraduate from Stephen College, Delhi.

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