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Mon, December 9, 2024

Princeton-educated, consensus builder Sanjay Malhotra appointed new RBI Guv


Published on 2024-12-09 11:22:36 - Business Standard
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  • A computer science engineer and master's in public policy from Princeton University, Sanjay Malhotra, the new Governor of the Reserve Bank of India (RBI), is a known consensus builder and the person instrumental in the implementation of the new income tax regime.

Sanjay Malhotra, a Princeton-educated former IAS officer from the 1990 batch of the Rajasthan cadre, has been appointed as the new Governor of the Reserve Bank of India (RBI). Known for his consensus-building skills, Malhotra has a rich background in public finance, having served in various key governmental roles including as the Revenue Secretary and in the Finance Ministry. His appointment comes at a crucial time as the RBI navigates through economic challenges like inflation control, financial stability, and promoting growth. Malhotra's experience in policy-making, particularly in tax reforms and financial management, is expected to bring a nuanced approach to monetary policy and regulatory frameworks. His tenure is anticipated with optimism for fostering economic stability and innovation in financial sectors.

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