Shaktikanta Das thanks PM, FM, all the stakeholders in the financial sector and in the economy; experts and economists; industry bodies and associations
FinTech BizNews Service
Mumbai, 9 December, 2024: Appointment Committee of Cabinet has approved the appointment of Sanjay Malhotra, IAS (1990), Secretary, Department of Revenue, as the Governor of RBI wef 11-12-2024. His appointment is for the tenure of 3 years, as per a note issued by the Department of Personnel & Training, GoI. Sanjay Malhotra replaces Shaktikanta Das as the Governor of RBI. The term of Das had begun in December 2018.
Shri Sanjay Malhotra is an Indian Administrative Service Officer of 1990 Batch Rajasthan Cadre. He is an Engineering Graduate in Computer Science from the Indian Institute of Technology, Kanpur and has a Master's in Public Policy from the Princeton University, USA.
With demonstrated leadership and excellence in his career of over 33 years, Shri Sanjay Malhotra has worked in multifarious sectors including power, finance and taxation, information technology, mines etc. Presently he is Secretary (Revenue) in Ministry of Finance. In his previous assignment, he held the post of Secretary in Department of Financial Services under the Ministry of Finance, Government of India.
He has extensive experience in finance and taxation at the State as well as the Central Government. As a part of his present assignment, he plays an instrumental role in tax policy formulation in respect of direct and indirect taxes.
Shaktikanta Das today, in a series of posts, wrote on X (previous Twitter) : “Will demit office as Governor RBI later today. Thank you everyone for your support and good wishes. Fondly recall the warmth, trust and confidence of Late Shri Arun Jaitley on me when I served as RBI Governor (initial months) and earlier as Secretary Revenue and Economic Affairs. A BIG thank you to the entire Team RBI. Together, we successfully navigated an exceptionally difficult period of unprecedented global shocks. May the RBI grow even taller as an institution of trust and credibility. My best wishes to each one of you.
I thank all the stakeholders in the financial sector and in the economy; experts and economists; industry bodies and associations; organisations in the agriculture, cooperative & service sectors for their inputs and policy suggestions.
Heartfelt thanks to Hon’ble FM @nsitharaman for her constant support and backing. The fiscal-monetary coordination was at its best and helped us to deal with the multiple challenges during the last six years.
Immensely grateful to the Hon’ble PM @narendramodi for giving me this opportunity to serve the country as Governor RBI and for his guidance and encouragement. Benefited a lot from his ideas and thoughts.”
