Mumbai: Sanjay Malhotra on Wednesday took charge as the 26th Governor of the Reserve Bank of India.
Malhotra, a career bureaucrat, arrived at the central bank’s headquarters this morning, where he was welcomed by senior RBI staffers.
The central bank confirmed Malhotra’s appointment through a post on the microblogging site “X” and also shared a few pictures.
Former revenue secretary mR Malhotra replaces Shaktikanta Das, who demitted office on Tuesday after a six years stint.
The office of RBI Governor was vacated after his predecessor Shaktikanta Das’ tenure came to an end on December 10.
Dubbed as ‘peacetime general,’ Malhotra has taken charge at the Mint Street headquarters at a time when India’s economy is majorly in a stable phase. There is a keen interest among the people on the rate cut soon.
Malhotra, who is beginning his three-year term from today, is the second consecutive career civil servant to take charge of the central bank. He earlier served as the Revenue Secretary.
