New RBI Governor Sanjay Malhotra IIT Kanpur BTech, Princeton Master’s, UPSC 1990 Topper.

On December 9, 2024, the government appointed Sanjay Malhotra as the new Governor of the Reserve Bank of India (RBI). Malhotra, an accomplished civil servant, brings a wealth of experience and a unique blend of expertise from various sectors. A 1989 graduate in Computer Science from the prestigious IIT Kanpur, Malhotra later pursued a Master’s in Public Policy from Princeton University, USA, further enhancing his academic credentials. In 1990, he cleared the UPSC Civil Services Examination and joined the Indian Administrative Service (IAS) in the Rajasthan cadre.

Throughout his distinguished 33-year career, Malhotra has worked in diverse sectors including power, finance, taxation, information technology, and mining, acquiring a broad understanding of India’s economic landscape. His leadership roles have ranged from policy formulation to regulatory oversight, making him well-suited to lead India’s central banking institution. Known for his ability to manage complex systems, Malhotra’s career trajectory has prepared him to steer the RBI in a dynamic global economic environment.

His alma mater, IIT Kanpur, continues to rank among India’s top educational institutions in the NIRF 2024 rankings, holding the 4th position in engineering, 5th overall, 7th in research, and 30th in management. Malhotra’s diverse academic and professional background positions him as a potential change-maker in India’s financial landscape, especially as the RBI faces key challenges in a rapidly evolving global economy. His appointment is seen as a strategic move to navigate India through both domestic and international financial complexities.