Revenue Secretary, Sanjay Malhotra takes over as new RBI governor succeeding Shaktikanta Das.
As revenue secretary, Malhotra took several key decisions, including rationalisation of capital gains tax in this year’s Budget, rationalisation of slabs in the new tax regime to encourage migration from the old tax regime, and removal of windfall gain tax, which provided significant relief to the oil refining industry. He also played a key role in aligning the interests of states and the central government during discussions at the Goods and Services Tax (GST) Council meetings that also led to imposition of 28 per cent tax on online gaming. Between 2003 and 2018, he mostly worked in his home cadre in departments such as mining, commercial taxes, information technology, energy and revenue.
Shri Sanjay Malhotra, an Indian Administrative Service Officer of 1990 Batch Rajasthan Cadre, took over charge as the 26th Governor of the Reserve Bank of India for a period of three years effective December 11, 2024. Immediately prior to this appointment, Shri Malhotra was Secretary, Department of Revenue (DOR) in the Ministry of Finance, Government of India, before which Shri Malhotra held the post of Secretary in Department of Financial Services in the Ministry of Finance, Government of India.
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Shri Malhotra has vast and diverse experience across various key sectors including power, finance and taxation, information technology, etc. and has held key positions both at the State and the Central Government, apart from having a stint with a United Nations agency. He was also Chairman and Managing Director of Rural Electrification Corporation Limited. Shri Malhotra served on the Central Board of Reserve Bank of India as a Government Nominee Director from February 16, 2022 to November 14, 2022.
Shri Malhotra is a graduate in Computer Science and Engineering from the Indian Institute of Technology, Kanpur and a Master in Public Policy from the Princeton University, USA.
Table of Contents
Who is the 26th Governor of the RBI?
Sanjay Malhotra took charge as the 26th Governor of the Reserve Bank of India (RBI).
What is the salary of a RBI Governor?
RBI Governor earns a salary of ₹2.5 lakh per month apart from benefits like a house, car and driver, according to reports. He is also entitled to other allowances, the reports added.
Who has the longest tenure as the Governor of RBI?
Sir Benegal Rama Rau was the longest serving governor.
