RBI New Governor News Updates: The Government has appointed Sanjay Malhotra, Revenue Secretary and a 1990-batch IAS officer, as the new Governor of the Reserve Bank of India (RBI). Succeeding Shaktikanta Das, whose six-year term ends Tuesday, Malhotra faces challenges like balancing inflation control with economic growth and managing the rupee’s depreciation amid global dollar strength. His tenure starts on December 11, 2024, for three years. A former Secretary in the Department of Financial Services, Malhotra is credited for steering LIC’s record ₹21,000 crore IPO and advancing public sector banking reforms. Known as a “pro-reformist,” he combines technical expertise from IIT Kanpur and Princeton University with a deep understanding of fiscal and monetary policies.