The Government of India has appointed Revenue Secretary Sanjay Malhotra as the 26th Governor of the Reserve Bank of India (RBI), effective December 11, 2024.

The Appointments Committee of the Cabinet cleared his name for the prestigious position, with Malhotra set to serve a three-year term.

Sanjay Malhotra, a 1990-batch Indian Administrative Service (IAS) officer from the Rajasthan cadre, will take over from Shaktikanta Das, whose term concludes on December 10, 2024.

Malhotra, an engineering graduate in computer science from the Indian Institute of Technology (IIT) Kanpur, also holds a Master’s in Public Policy from Princeton University, USA.

With over 33 years of distinguished service, Malhotra has worked across diverse sectors, including power, finance and taxation, information technology, and mines.

He is currently serving as the Secretary (Revenue) in the Ministry of Finance. Before this, he held the position of Secretary in the Department of Financial Services under the Ministry of Finance.

Malhotra brings extensive expertise in finance and taxation at both the state and central government levels.