Official announcements from the Reserve Bank of India or major financial news outlets

Sanjay Malhotra Appointed as 26th RBI Governor, Succeeding Shaktikanta Das

Dec 9, 2024, 12:03 PM

Sanjay Malhotra, currently serving as India's Revenue Secretary, has been appointed as the new Governor of the Reserve Bank of India (RBI) for a three-year term starting December 11, 2024. The Appointments Committee of the Cabinet approved his appointment on December 9, 2024, making him the 26th Governor of the RBI. Malhotra, a gold medalist and 1990-batch Indian Administrative Service (IAS) officer from the Rajasthan cadre, succeeds Shaktikanta Das, who did not receive an extension after his term ends on December 10, 2024. An alumnus of IIT Kanpur and holder of a master's degree in public policy from Princeton University, Malhotra brings extensive administrative experience to his new role.