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Sanjay Malhotra

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Sanjay Malhotra
26th Governor of the Reserve Bank of India
Incumbent
Assumed office
11 December 2024
PresidentDroupadi Murmu
Prime MinisterNarendra Modi
Preceded byShaktikanta Das
Revenue Secretary of India
In office
1 December 2022 – 11 December 2024
Appointed byAppointments Committee of the Cabinet
Preceded byTarun Bajaj
Succeeded byArunish Chawla[1]
Financial Services Secretary of India
In office
1 February 2022 – 30 November 2022
Appointed byAppointments Committee of the Cabinet
Preceded byDebasish Panda
Succeeded byVivek Joshi
Personal details
Born (1968-02-14) 14 February 1968 (age 57)[2]
Bikaner, Rajasthan, India
Alma materIIT Kanpur (BTech)
Princeton University (MPP)
OccupationIAS officer
ProfessionCivil servant
Bureaucrat

Sanjay Malhotra (born 14 February 1968) is an Indian bureaucrat who is serving as the current and 26th Governor of the Reserve Bank of India (RBI) since 11 December 2024.[3][4] An Indian Administrative Service (IAS) Officer of the 1990 Batch Rajasthan Cadre, Malhotra in his career has served in various positions.[5][6]

Early life and education

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Malhotra was born in Bikaner, Rajasthan. He graduated with a Bachelor of Technology in computer science from the Indian Institute of Technology, Kanpur.[7] He then completed his Master's degree in Public policy from the Princeton University, United States.[7] His father was an officer in the Border Security Force (BSF).

Career

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Malhotra's career in the Indian government's bureaucracy began in 2000, when was appointed as Private Secretary to a Union Minister. Before his appointment as Private Secretary, he served in various departments in Rajasthan.[6] From 2003 to 2020, Malhotra worked in the Rajasthan government's departments of mines and minerals, information and broadcasting, finance, energy, and commercial taxation.[6] Between 2003 and 2020, in an international posting, Malhotra was a project coordinator in the United Nations Industrial Development Organisation (UNIDO), where he held the rank of Deputy Secretary.[8] From 2000 to 2003, Malhotra was Personal Secretary to the Minister of State for Space and the Minister of State for Micro, Small and Medium Enterprises.[8] In 2020, he was appointed as the Additional Secretary in the Ministry of Power and he also served as the chairman and managing director of the Rural Electrification Corporation.[6][9]

In February 2022, he was appointed Secretary of Financial Services in the Ministry of Finance and during his time in the position, he launched the initial public offering of the Life Insurance Corporation and was also a member of the board of the Reserve Bank of India (RBI).[6][10] Malhotra was appointed Revenue Secretary in December 2022, and he implemented a new income tax regime during his time in the postion.[6][10] On 11 December 2024, Malhotra was appointed Governor of the RBI.[11]

References

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  1. ^ "Government reshuffles senior IAS officers; Key changes in finance, textiles, education - CNBC TV18". CNBCTV18. 25 December 2024. Retrieved 26 December 2024.
  2. ^ "Civil List of IAS Officers". dtf.in. Archived from the original on 17 September 2024. Retrieved 20 November 2023.
  3. ^ "RBI new Governor Sanjay Malhotra's first agenda: Rate cut in February?". The Indian Express. 11 December 2024. Retrieved 11 December 2024.
  4. ^ https://financialservices.gov.in/beta/sites/default/files/English-Shr-Sanjay-Malhotra.pdf
  5. ^ "'Calm influence': Revenue Secretary Sanjay Malhotra next RBI Governor". The Indian Express. 9 December 2024. Retrieved 9 December 2024.
  6. ^ a b c d e f Dinakaran, R. (10 December 2024). "Who is RBI Governor-designate Sanjay Malhotra?". The Hindu BusinessLine. Retrieved 5 March 2025.
  7. ^ a b "Who is Sanjay Malhotra? The new RBI Governor: Here's a look at his educational journey from IIT Kanpur to Princeton". The Times of India. 10 December 2024. ISSN 0971-8257. Retrieved 11 December 2024.
  8. ^ a b Kumar, Harsh; Mishra, Asit Ranjan (9 December 2024). "Change of guard: Who is Sanjay Malhotra, Centre's pick as new RBI governor?". Business Standard. Archived from the original on 18 December 2024. Retrieved 6 March 2025.
  9. ^ "Who is Sanjay Malhotra, the next RBI chief?". The Hindu. 9 December 2024. ISSN 0971-751X. Retrieved 9 December 2024.
  10. ^ a b Dhoot, Vikas (14 December 2024). "Sanjay Malhotra | The new boss at Mint Street". The Hindu. ISSN 0971-751X. Retrieved 5 March 2025.
  11. ^ "Coming soon, Rs 50 notes signed by new RBI governor Sanjay Malhotra". Business Today. 12 February 2025. Retrieved 5 March 2025.
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