A seasoned bureaucrat with a wealth of experience in finance and taxation, Sanjay Malhotra is set to take the reins of the Reserve Bank of India (RBI). This 1990-batch IAS officer from the Rajasthan cadre has held key positions in the central and state governments.
Before he was appointed the RBI Governor, Malhotra served as the Revenue Secretary to the Government of India. His extensive experience in various sectors, including power, finance, taxation, information technology, and mines, makes him well-equipped to navigate the complexities of India’s economy.
As a former Department of Financial Services (DFS) Secretary, Malhotra has played a crucial role in shaping India’s financial landscape. His expertise in tax policy formulation, both direct and indirect, will be invaluable in guiding the nation’s monetary policy.
With a strong academic background, including a degree from IIT-Kanpur and a Master’s in Public Policy from Princeton University, Malhotra brings a unique blend of technical knowledge and strategic thinking to the RBI. As the new Governor, he is expected to be pivotal in steering India’s economy towards sustained growth and stability.