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The Appointments Committee of the Cabinet approved Sanjay Malhotra’s appointment as Governor of the Reserve Bank of India (RBI) on December 9, 2024. He took charge as the RBI’s 26th Governor effective December 11, 2024, for an announced three-year term. Immediately before the appointment, Malhotra was Secretary of the Department of Revenue in the Ministry of Finance.
When did Sanjay Malhotra become RBI governor?
The appointment order was listed by the Department of Financial Services on December 9, 2024. That is the approval and order date; it is distinct from the date Malhotra assumed office. The RBI said he took charge effective December 11, 2024, for a three-year period. The Department of Financial Services appointment listing and the RBI’s announcement record those respective dates.
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What was Malhotra’s role before the appointment?
Malhotra was Secretary of the Department of Revenue immediately before becoming RBI Governor. Before that, he served as Secretary in the Department of Financial Services, also within the Ministry of Finance. The RBI describes his career as spanning power, finance and taxation, information technology, and roles in state and central government, as well as a stint with a United Nations agency. He also served as Chairman and Managing Director of Rural Electrification Corporation Limited.
What is his experience with the RBI?
Before taking the governorship, Malhotra served on the RBI Central Board as a Government Nominee Director from February 16, 2022, to November 14, 2022, according to the RBI’s biography. The RBI identifies him as an Indian Administrative Service officer of the 1990 batch and Rajasthan cadre.
What is Malhotra’s education?
The RBI says Malhotra earned a degree in Computer Science and Engineering from the Indian Institute of Technology, Kanpur, and a Master in Public Policy from Princeton University.
What the appointment announcement establishes
The RBI’s December 11, 2024 announcement identifies Malhotra as the 26th Governor and sets out the three-year term effective that day. Those are the terms announced at his appointment; the announcement alone does not establish any later change or his office-holder status on a subsequent date. The official materials cited here do not state a government rationale for the choice or establish what his appointment would mean for future monetary-policy decisions.
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