New Delhi: On December 9, the Indian government announced the appointment of Sanjay Malhotra as the new Governor of the Reserve Bank of India (RBI). Malhotra, an accomplished Indian Administrative Service (IAS) officer of the Rajasthan cadre, brings over three decades of diverse experience to his new role, spanning sectors like power, finance, taxation, information technology, and mining.
Malhotra’s academic journey is as impressive as his professional career. He graduated in computer science from the prestigious Indian Institute of Technology (IIT) Kanpur in 1989. He later pursued a Master’s degree in Public Policy from Princeton University, USA, further broadening his expertise in governance and public administration.
After cracking the Union Public Service Commission Civil Services Examination (UPSC CSE) in 1990, Malhotra joined the IAS. Over the past 33 years, he has held pivotal roles across multiple sectors, contributing significantly to India’s administrative and economic landscape.
In the power sector, Malhotra played a key role in policy-making and infrastructure development, while his tenure in finance and taxation showcased his adeptness in fiscal management. His experience in information technology and mining further highlights his versatility and commitment to driving progress across critical sectors.
IIT Kanpur, where Malhotra completed his undergraduate studies, remains one of India’s premier engineering institutes. Recognized as an Institute of National Importance, IIT Kanpur ranked 4th in the engineering category under the National Institutional Ranking Framework (NIRF) 2024. It also secured the 5th position in the overall category, 7th in the research category, and 30th in the management category.
Internationally, IIT Kanpur achieved the 263rd position in the QS World University Rankings 2024, underscoring its global reputation for academic excellence.
Malhotra’s alma mater for his Master’s degree, Princeton University, is one of the oldest and most prestigious institutions in the United States. Established in 1746, the university is renowned for its excellence in education and research. In the QS World University Rankings 2024, it holds the 22nd position globally, while the Times Higher Education rankings place it at an impressive 4th position.
Malhotra’s appointment as the RBI Governor comes at a critical time as India navigates global economic challenges and strives for sustained growth. His vast experience across sectors, coupled with his strong academic foundation, positions him as a visionary leader capable of steering the country’s central bank toward innovation, stability, and inclusivity.
As the 26th Governor of the RBI, Sanjay Malhotra is expected to prioritize issues such as inflation management, digital banking innovation, and strengthening India’s monetary policy framework. His diverse portfolio and track record of excellence make him well-equipped to address the complexities of India’s evolving economic landscape.
With his appointment, the country looks forward to a progressive and transformative chapter for the Reserve Bank of India under his leadership.
