Sanjay Malhotra Appointed as New RBI Governor, Succeeding Shaktikanta Das

The transition marks the end of Das's six-year tenure, remembered for stabilizing India's economy, and ushers in Malhotra's leadership during a challenging economic period.

Shaktikanta Das concludes his six-year term as RBI governor, credited with steering India through the pandemic and fostering fiscal-monetary coordination.
Sanjay Malhotra, a 1990-batch IAS officer and former Revenue Secretary, takes over as the 26th RBI governor for a three-year term.
Das's tenure is noted for managing inflation, stabilizing the rupee, and enhancing India's digital payment systems, while maintaining a balanced relationship with the government.
Malhotra inherits an economy grappling with slowing growth, persistent inflation, and global uncertainties, with expectations of potential shifts in monetary policy.
Market analysts speculate Malhotra's leadership could bring a more growth-focused approach, with discussions of possible rate cuts in early 2025.