Sanjay Malhotra has been appointed as the 26th governor of the Reserve Bank of India, succeeding Shaktikanta Das. His tenure begins on December 11, 2024.
A 1990 batch IAS officer from Rajasthan cadre, Malhotra holds degrees from IIT Kanpur and Princeton University. He has over 33 years of administrative experience.
Malhotra has worked in power, finance, taxation, IT, and mines. His leadership roles include Revenue Secretary and Secretary in the Department of Financial Services.
Known for his contributions to tax policy, Malhotra has played a pivotal role in simplifying tax systems and launching India’s new income tax framework.
Malhotra emphasizes fostering investment growth, tax simplification, and economic development. He advocates a cautious approach in dealing with tax disputes.
Malhotra’s strong rapport with the Finance Minister is expected to ensure seamless coordination of monetary and fiscal policies for India’s economic growth.
As RBI Governor, Malhotra is poised to leverage his expertise to address India's economic challenges, focusing on synchronized policies and stable financial governance.