Transfers & Postings · BFSI
The 1990-batch IAS officer from the Rajasthan cadre assumed office on 11 December 2024 for a three-year term, succeeding Shaktikanta Das as RBI Governor.
✦ AI SUMMARY 30-second read
- Sanjay Malhotra, a 1990-batch IAS officer of the Rajasthan cadre, is the 26th and current Governor of the Reserve Bank of India.
- He assumed charge on 11 December 2024 for a period of three years, succeeding Shaktikanta Das.
- Prior to this appointment, Malhotra served as Secretary in the Department of Revenue, Ministry of Finance.
Why it matters: The RBI Governor heads India's central bank, making the appointment a key development for the country's banking and financial sector.
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Sanjay Malhotra assumed charge as Governor of the Reserve Bank of India on 11 December 2024, becoming the 26th person to hold the post. He was appointed for a period of three years, succeeding Shaktikanta Das.
Malhotra is a 1990-batch Indian Administrative Service officer belonging to the Rajasthan cadre. Before taking charge at the RBI, he served as Secretary in the Department of Revenue, Ministry of Finance, and has also held the position of Secretary in the Department of Financial Services.
Background
The Reserve Bank of India has been led by 26 Governors since it commenced operations on 1 April 1935 under the Reserve Bank of India Act, 1934. Its first Governor was Sir Osborne Smith, a professional banker who served until 30 June 1937.
Sir C. D. Deshmukh, who assumed office on 11 August 1943, was the first Indian to serve as RBI Governor. His tenure, which lasted until 30 June 1949, encompassed India's Independence and the nationalisation of the Reserve Bank on 1 January 1949.
The longest-serving Governor was Sir Benegal Rama Rau, who held office from 1 July 1949 to 14 January 1957, a period of approximately seven years and six months.
About the officer
Sanjay Malhotra
| Service | Indian Administrative Service · 1990 batch · Rajasthan |
|---|---|
| New post | Governor, Reserve Bank of India |
| Previous post | Secretary, Department of Revenue, Ministry of Finance |
| Career so far | Malhotra has served as Secretary in the Department of Revenue, Ministry of Finance, and also held the position of Secretary in the Department of Financial Services. |
