The Reserve Bank of India (RBI) has had 25 governors to date. Notably, 14 of these governors were civil servants. In recent years, governments have increasingly preferred to appoint civil servants over professional economists to lead the central bank.

Sanjay Malhotra has been appointed as the next Governor of the Reserve Bank for three years, succeeding Shaktikanta Das. The 1990 Batch IAS officer has extensive experience in public policy.

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

The central government on Monday named Revenue Secretary Sanjay Malhotra as the next RBI Governor.   Malhotra, a 1990 batch Rajasthan Cadre IAS Officer, will be replacing Shaktikanta Das, whose current tenure comes to an end on Tuesday,

Sanjay Malhotra, a career civil servant and India's new central bank governor, replaces Shaktikanta Das. The 56-year-old, a Princeton graduate, takes charge amid economic challenges like slowing growth and persistent inflation.

Brokerage firm Nomura anticipates Sanjay Malhotra's tenure as RBI Governor may bring rate cuts, foster credit growth, and allow flexible currency management amid economic challenges.

Sanjay Malhotra was appointed the twenty-sixth governor of the Reserve Bank of India (RBI) on December 11, 2024. He is a prominent Indian Administrative Service (IAS) officer from the 1990 batch of the Rajasthan cadre.