Sanjay Malhotra will be new governor of RBI, his tenure will be of 3 years

The new governor of RBI will be Sanjay Malhotra. While his tenure will be for the next three years. Sanjay Malhotra. will replace the present RBI governor Shaktikanta Das. Although the tenure of the RBI governor Shaktikanta Das is also ending on 10 December.

Let us tell you that in the year 2022, Sanjay Malhotra, Secretary of the Department of Financial Services (DFS), was nominated by the Center as the Director of the Reserve Bank (RBI).

Know Sanjay Malhotra

Sanjay Malhotra is a 1990 batch Rajasthan cadre IAS officer. He became the Chairman and MD of REC in November 2020. Earlier, he had also worked as Additional Secretary in the Ministry of Energy. He has done his engineering degree from IIT Kanpur. He completed his master's from Princeton University. For the last 30 years, Malhotra has served in departments like Power, Finance, Taxation, IT and Mines.

Appointments Committee of the Cabinet has appointed Revenue Secretary Sanjay Malhotra as the next Governor of the Reserve Bank of India for a three-year term from 11.12.2024 pic.twitter.com/4UfunEGEuH

— ANI (@ANI) December 9, 2024

Working for the last 6 years

Shaktikanta Das took over the responsibility of RBI Governor 6 years ago after Urjit Patel suddenly resigned. During his tenure, he has done remarkable work towards controlling the problem of inflation in the country due to Covid and thereafter. In such a situation, it becomes very important that there is no discussion about the extension of his tenure.

Also Read: Car became a ball of fire on road, why do such accidents happen with cars