Mon Dec 09 17:01:46 UTC 2024: ## Revenue Secretary Sanjay Malhotra Appointed New RBI Governor

**New Delhi, [Date]** – The Indian government announced the appointment of Sanjay Malhotra as the new Governor of the Reserve Bank of India (RBI), effective Wednesday. Malhotra, a 1990-batch IAS officer from the Rajasthan cadre, will serve a three-year term. He succeeds Shaktikanta Das, whose term concluded on Tuesday.

Malhotra, a computer science graduate from IIT Kanpur and a Master’s in Public Policy graduate from Princeton University, brings over 33 years of experience in various sectors including power, finance, taxation, information technology, and mines. Prior to his appointment as Revenue Secretary, he served as Secretary in the Department of Financial Services. His extensive experience in finance and taxation at both state and central government levels, particularly in direct and indirect tax policy formulation, makes him a notable choice for the position.

Das, who was appointed RBI Governor in December 2018 following the departure of Urjit Patel, had received an extension after completing his initial three-year term. His tenure was marked by stabilizing the market following Patel’s resignation amid disagreements with the government. Malhotra’s appointment now ushers in a new era for the central bank.

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