With extensive experience in various Indian government departments, Malhotra is well-versed in finance and taxation at both state and central levels

The former revenue secretary also said he was "conscious of the fact that we do maintain continuity and stability."

Sanjay Malhotra, the newly appointed Governor of the Reserve Bank of India (RBI), officially took charge on Wednesday for a three-year term starting December 11, 2024.

Sanjay Malhotra assumed office as the 26th RBI Governor, succeeding Shaktikanta Das. Emphasizing continuity and stability, he highlighted the need for agility amid global challenges. Malhotra stressed collaboration with stakeholders,

Sanjay Malhotra has assumed office as the 26th Governor of the RBI will serve a three-year term as the head of the central bank.

Sanjay Malhotra, a career civil servant who has mostly kept a low profile, was picked as India's new central bank governor replacing Shaktikanta Das after a six-year stint.

Sanjay Malhotra has taken charge as the 26th Governor of the Reserve Bank of India (RBI). An IAS officer of the Rajasthan cadre, Malhotra’s tenure is set for three years. Earlier, he served as the Revenue Secretary.

India appointed career civil servant Sanjay Malhotra as its new central bank governor on Monday in a surprise move that leaves markets guessing about the future direction of monetary policy, as growth slows and high inflation persists.

After a surprise announcement and appointment, the former revenue secretary of India, Sanjay Malhotra, took charge as the Governor of the Reserve Bank of India. Malhotra arrived in RBI's principal seat and headquarters in Mumbai's Mint Street.