Sanjay Malhotra Biography: Sanjay Malhotra, born on February 14, 1968, is a seasoned civil servant with a career full of impressive achievements. At 56 years old, he has taken on one of the most critical roles in India’s financial system—he was appointed the 26th Governor of the Reserve Bank of India (RBI) in December 2024, succeeding Shaktikanta Das.
Education
Sanjay’s academic journey is a reflection of his diverse skills. He completed his Bachelor’s degree in Electrical Engineering from IIT Kanpur, one of India’s top engineering institutes. After working for a few years, he decided to broaden his knowledge and pursued a Master’s degree in Public Policy from Princeton University in the United States.
This unique combination of technical expertise and policy-making skills gave him the tools he needed to solve complex problems in governance.
Career as an IAS Officer
Sanjay Malhotra joined the Indian Administrative Service (IAS) in 1990, opting for the Rajasthan cadre, and over the years, he held several significant roles at both the state and central levels. He served as the Chairman and Managing Director of REC Limited, where he led efforts to enhance power infrastructure and promote renewable energy.
Later, as the Secretary of the Department of Financial Services (DFS), he focused on strengthening the banking and insurance sectors while promoting financial inclusion.
In the Ministry of Power, Sanjay played a key role as Secretary, working on policies to ensure sustainable energy and a reliable electricity supply across India. Finally, in December 2022, he became the Revenue Secretary, shaping tax policies and boosting government revenue to support India’s economic growth.
Governor of the Reserve Bank of India (RBI)
Sanjay’s biggest career milestone came on December 9, 2024, when he was appointed the 26th Governor of the RBI. Sanjay Malhotra succeeded Shaktikanta Das, marking the next phase in his remarkable career.
This role puts him in charge of India’s monetary policies, banking regulations, and financial stability. With his vast experience, Sanjay is expected to guide India through both domestic and global economic challenges.
Salary
Sanjay Malhotra’s exact net worth is not publicly available. However, as the Governor of the Reserve Bank of India, he will earn approx. 2.5 lakhs per month as his salary.
Sanjay Malhotra Biography: Conclusion
Sanjay Malhotra’s journey to become one of India’s most influential policymakers is an inspiring story of hard work and dedication. Whether it’s his academic achievements, impactful career as an IAS officer, or his new role as RBI Governor, he has consistently shown what it takes to lead and succeed.
Sanjay Malhotra biography will be updated here as new details emerge.
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