Sanjay Malhotra is an Indian top financial expert, appointed on Monday to head the Reserve Bank of India for a period of three years.
In this article, Naijabiogist writes about the newest Indian Central Bank chief.
Early Life and Background
Sanjay Malhotra was born in 1967, making him 57 years old as of 2024. He grew up in an academically inclined environment, which likely influenced his pursuit of higher education at prestigious institutions. He completed his Bachelor of Technology (B.Tech) in Computer Science and Engineering from the Indian Institute of Technology (IIT) Kanpur in 1989. Later, he furthered his education with a Master’s in Public Policy from Princeton University, USA.
Hailing from India, Malhotra joined the Indian Administrative Service (IAS) in 1990 as part of the Rajasthan cadre. His early life experiences and education shaped his career in public administration, focusing on economic policy, governance, and infrastructure development.
Career
Sanjay Malhotra currently serves as the Secretary of Revenue, Ministry of Finance, India. Previously, he held key positions, including Banking Secretary and CMD of the Rural Electrification Corporation (REC), where he led REC to Maharatna status. His work spans over 30 years, with notable contributions to power sector reforms, financial governance, and public policy.
Family
Information about his family remains private, emphasizing his professional achievements over personal details.
Net Worth
While precise figures aren’t publicly available, his extensive career in high-ranking governmental roles suggests a stable and significant financial status.
Recent Appointment
In December 2022, Sanjay Malhotra assumed the role of Revenue Secretary after Tarun Bajaj’s retirement. He is expected to serve in this capacity until his superannuation in 2028, focusing on fiscal policies and reforms within India’s revenue systems.
In 2024, he was appointed to serve as the Central Bank of India’s governor, for 3 years.
