Who took over as the Governor of the Reserve Bank of India in December 2024?
Show answer & explanation
Correct answer: D
Explanation
Sanjay Malhotra -
Following the expiry of Shaktikanta Das's term, the central government appointed Sanjay Malhotra as the 26th Governor of the Reserve Bank of India (RBI). He assumed office in December 2024.
Key information about Sanjay Malhotra:
He is a 1990 batch Indian Administrative Service (IAS) officer of the Rajasthan cadre.
Before becoming RBI Governor, he served as Revenue Secretary in the Ministry of Finance.
Some important facts about the Reserve Bank of India (RBI):
Established: April 1, 1935 (under the RBI Act, 1934).
Headquarters: Mumbai (initially located in Kolkata).
First Governor: Sir Osborne Smith.
First Indian Governor: C.D. Deshmukh.
Term: The RBI Governor is usually appointed for a term of 3 years, which can be extended.