Sanjay Malhotra takes charge as new RBI Governor

Sanjay Malhotra took charge as the RBI Governor on Wednesday. (Image: X/RBI)

Sanjay Malhotra took charge as the 26th Governor of the Reserve Bank of India (RBI) on Wednesday. He is scheduled to address the media at around 3 pm.

Shri Sanjay Malhotra takes charge as the 26th Governor of Reserve Bank of India for the next 3 years w.e.f December 11, 2024#RBI #rbigovernor #sanjaymalhotra #rbitoday pic.twitter.com/aa7UdIcWIS
ReserveBankOfIndia (@RBI) December 11, 2024

The office of RBI Governor was vacated after his predecessor Shaktikanta Das' tenure came to an end on December 10.

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Dubbed as 'peacetime general,' Malhotra has taken charge at the Mint Street headquarters at a time when India's economy is majorly in a stable phase. There is a keen interest among the people on the rate cut in the near future.

Malhotra, who is beginning his three-year term from today, is the second consecutive career civil servant to take charge of the central bank. He earlier served as the Revenue Secretary.

About the new RBI Governor

Sanjay Malhotra, 56, is a 1990-batch IAS officer of the Rajasthan cadre. He had earlier worked as the chairman and managing director of state-run Rural Electrification Corporation (REC) Limited and has been instrumental towards achieving the recent buoyancy in tax collections.

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The new RBI Governor did his graduation from IIT-Kanpur and holds a master's degree in public policy from Princeton University, US.