Task cut out for soft-spoken Princeton grad
Business Standard|December 10, 2024
Ahead of the presentation of Budget FY26 in February next year, revenue secretary Sanjay Malhotra gave a patient hearing to industry bodies on November 7 and received their pre-Budget recommendations.
HARSH KUMAR & ASIT RANJAN MISHRA
Task cut out for soft-spoken Princeton grad

Little did anyone expect that in a month's time, the soft-spoken Malhotra will be leaving the Budget-making exercise behind and heading to Mint Street to become the next Reserve Bank of India (RBI) governor.

A 1990-batch Indian Administrative Service (IAS) officer of the Rajasthan cadre, Malhotra became revenue secretary on December 1, 2022, after an eight-month stint as secretary in the Department of Financial Services (DFS).

That brief tenure in handling the banking and non-banking sector will now come in handy for Malhotra as regulator of the sector.

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