By Bulletin Times 
Sanjay Malhotra Named New RBI Governor, Set to Succeed Shaktikanta Das
A new chapter begins for the Reserve Bank of India (RBI) as Sanjay Malhotra, a seasoned IAS officer from the 1990 batch, takes over as the Governor. With over 33 years of experience in public service, Malhotra will succeed Shaktikanta Das, bringing fresh leadership to India’s central bank.
Who is Sanjay Malhotra?
Currently serving as Revenue Secretary, Malhotra’s impressive track record spans diverse sectors like finance, taxation, power, IT, and mining. An engineering graduate from IIT Kanpur and a master’s degree holder in Public Policy from Princeton University, his blend of technical expertise and policy acumen makes him a perfect fit for this critical role.
A Career of Impact
Strengthening India’s Financial Sector: As Secretary in the Department of Financial Services, Malhotra played a pivotal role in steering India’s banking and financial policies.
Leading REC Ltd.: During his time as CMD of the state-run enterprise, he oversaw its transformation and growth in the power sector.
Revenue Secretary Role: Since December 2022, Malhotra has been instrumental in shaping tax policies, leading to strong revenue collections that bolstered India’s fiscal health. He also managed the delicate balancing act of serving as the ex-officio Secretary to the GST Council, where he aligned state and national tax frameworks.
The Road Ahead
As RBI Governor, Malhotra inherits significant responsibilities, from managing inflation and ensuring economic stability to navigating global economic challenges. With his extensive experience in policy-making and governance, he’s well-positioned to guide India’s central bank through these complexities.
Why This Matters
For many, the RBI represents the backbone of India’s economy, and its leadership is crucial in shaping the country’s financial future. Malhotra’s appointment brings a mix of seasoned expertise and a fresh perspective—qualities that will undoubtedly influence India’s monetary policy and growth trajectory in the years ahead.
This marks a new beginning not just for the RBI, but for the country’s economy. Let’s see how Malhotra takes on this monumental role!