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Home News Asia

India Appoints Sanjay Malhotra as New RBI Governor

Smita SinghbySmita Singh
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India Appoints Sanjay Malhotra as New RBI Governor

India Appoints Sanjay Malhotra as New RBI Governor

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New Delhi, December 9, 2024 — The Government of India has appointed Revenue Secretary Sanjay Malhotra as the 26th Governor of the Reserve Bank of India (RBI). Malhotra, a 1990-batch Indian Administrative Service (IAS) officer from the Rajasthan cadre, will commence his three-year term on December 12, 2024, succeeding Shaktikanta Das.

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The Appointments Committee of the Cabinet confirmed Malhotra’s appointment through an official notification. Prior to this role, Malhotra served as the Revenue Secretary, where he played a pivotal role in enhancing tax collections and formulating tax-related proposals for the national budget. His tenure also included serving as Secretary in the Department of Financial Services, overseeing significant reforms in the banking and financial sectors.

Greatness is taken by every second organization, Now move to Happiness: Get Your Organization Happy Place to Work (HPTW) Certified
Greatness is taken by every second organization, Now move to Happiness: Get Your Organization Happy Place to Work (HPTW) Certified

Malhotra’s extensive experience includes his tenure as Chairman and Managing Director of REC Limited, a state-run enterprise specializing in power sector financing. His leadership contributed to the company’s growth and stability during his service.

Outgoing Governor Shaktikanta Das, appointed in December 2018, led the RBI through notable economic challenges, including the COVID-19 pandemic. A retired 1980-batch IAS officer of the Tamil Nadu cadre, Das previously held positions such as Economic Affairs Secretary and Revenue Secretary. His tenure was marked by efforts to stabilize the economy and implement key financial reforms.

The transition in leadership at the RBI comes at a critical juncture for India’s economy, with expectations that Malhotra’s extensive administrative and financial expertise will guide the central bank in navigating forthcoming economic challenges.

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Tags: Economic Policy IndiaFinancial Sector ReformsGovernment of India AppointmentsHappy Place to Work CertificationHPTWIndian EconomyLeadership AppointmentRBI GovernorRBI LeadershipReserve Bank of IndiaRevenue SecretarySanjay MalhotraShaktikanta Das
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Aimee George Leary is one of the most influential Chief People Officers in the global professional services sector—widely respected for architecting enterprise-wide talent strategies, values-driven culture transformation, and future-ready workforce ecosystems at scale. Currently serving as Executive Vice President and Chief People Officer at Booz Allen Hamilton, Aimee leads people strategy for more than 35,000 professionals worldwide, positioning talent as a primary driver of innovation, client impact, and long-term enterprise growth.

With over three decades of leadership at Booz Allen, Aimee has played a defining role in shaping the firm’s modern talent architecture. She has led record-breaking hiring cycles, strengthened employee experience outcomes, and built one of the most admired values-based cultures in consulting—anchored in well-being, continuous development, inclusion, and connection. Her leadership has ensured Booz Allen remains a sought-after employer while sustaining high-performance delivery for global clients.

Previously serving as Talent Strategy Officer, Chief Administrative Officer for Strategic Innovation, and a leader of firmwide transformation initiatives, Aimee has architected employee value propositions, leadership development systems, predictive workforce analytics, diversity roadmaps, and innovation cultures that have earned the firm multiple industry honors.

Beyond enterprise leadership, Aimee serves on the Board of Unified Youth, championing youth mental health advocacy and community empowerment initiatives.

Educated at Indiana University of Pennsylvania, Commonwealth University-Bloomsburg, and Harvard Business School Executive Education, Aimee’s mission remains clear:
to build people ecosystems where values, innovation, and human connection become the strongest engines of sustainable enterprise excellence.

 

Aimee George Leary is one of the most influential Chief People Officers in the global professional services sector—widely respected for architecting enterprise-wide talent strategies, values-driven culture transformation, and future-ready workforce ecosystems at scale. Currently serving as Executive Vice President and Chief People Officer at Booz Allen Hamilton, Aimee leads people strategy for more than 35,000 professionals worldwide, positioning talent as a primary driver of innovation, client impact, and long-term enterprise growth.

With over three decades of leadership at Booz Allen, Aimee has played a defining role in shaping the firm’s modern talent architecture. She has led record-breaking hiring cycles, strengthened employee experience outcomes, and built one of the most admired values-based cultures in consulting—anchored in well-being, continuous development, inclusion, and connection. Her leadership has ensured Booz Allen remains a sought-after employer while sustaining high-performance delivery for global clients.

Previously serving as Talent Strategy Officer, Chief Administrative Officer for Strategic Innovation, and a leader of firmwide transformation initiatives, Aimee has architected employee value propositions, leadership development systems, predictive workforce analytics, diversity roadmaps, and innovation cultures that have earned the firm multiple industry honors.

Beyond enterprise leadership, Aimee serves on the Board of Unified Youth, championing youth mental health advocacy and community empowerment initiatives.

Educated at Indiana University of Pennsylvania, Commonwealth University-Bloomsburg, and Harvard Business School Executive Education, Aimee’s mission remains clear:
to build people ecosystems where values, innovation, and human connection become the strongest engines of sustainable enterprise excellence.

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