Revenue Secretary Sanjay Malhotra Appointed as New RBI Governor, Succeeding Shakti
The government has appointed Sanjay Malhotra, Secretary in the Ministry of Finance, as the new Governor of the Reserve Bank of India (RBI) for a three-year term, effective December 11, 2024. Malhotra succeeds Shaktikanta Das, who concludes his six-year tenure at the helm. As Malhotra takes charge, he faces significant challenges, including a slowing economy, rising inflation, and pressure on the rupee. His leadership will be crucial in navigating these issues, with market expectations of interest rate cuts in the upcoming monetary policy review. A seasoned bureaucrat, Malhotra brings extensive experience from his previous roles in finance, taxation, and IT.
