Revenue Secy Malhotra new RBI Guv

The Appointments Committee of the Cabinet, chaired by Prime Minister Narendra Modi, on Monday appointed Revenue Secretary Sanjay Malhotra as the 26th Reserve Bank of India Governor.

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Malhotra (56) will hold the position for three years, starting Wednesday. He will replace Shaktikanta Das, whose tenure at the central bank ends on Tuesday.

Malhotra is a 1990-batch Rajasthan-cadre IAS officer and engineering graduate in computer science from the IIT, Kanpur. He holds a master’s degree in public policy from Princeton University, US.

In his life as a career bureaucrat spanning 33 years, Malhotra worked in varied sectors, including power, finance and taxation, IT and mines.