New RBI Governor: Meet Sanjay Malhotra, IIT-Kanpur Grad, Set To Replace Shaktikanta Das
The central government announced on Monday the appointment of revenue secretary Sanjay Malhotra as the new Governor of the Reserve Bank of India, replacing Shaktikanta Das with a three-year term starting from December 11, 2024. Das’s six-year tenure comes to an end on Tuesday.
Das, who was appointed as the 25th RBI Governor on December 12, 2018, took office following Urjit Patel's sudden resignation. He was granted an extension after completing his initial three-year term, which will conclude on December 10, 2024.
Before being appointed RBI Governor, Das was a key figure in Prime Minister Narendra Modi's administration, playing a crucial role during tense relations between the government and the central bank. He also served as a Member of the 15th Finance Commission and as India’s G20 Sher...