Sanjay Malhotra, 56, has officially assumed office as the 26th Governor of the Reserve Bank of India (RBI) for a three-year term. An alumnus of Princeton University and a seasoned bureaucrat with over 30 years of civil service experience, Malhotra steps into this critical role, succeeding Shaktikanta Das, who served as RBI Governor for six years.
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Malhotra’s appointment marks a significant shift, as he becomes the first RBI Governor since Duvvuri Subbarao to transition directly from the Finance Ministry, where he served as Revenue Secretary. This unconventional move has sparked interest and surprise within government and financial circles, given the typically distinct pathways to this prestigious post.