New RBI Governor: Sanjay Malhotra, a seasoned bureaucrat, has been appointed as the 26th RBI Governor, succeeding Shaktikanta Das. Malhotra, a 1990-batch IAS officer, will begin his three-year term on December 11, 2024. His appointment comes as the RBI faces challenges like inflation and slowing economic growth. Das's tenure, exceeding the typical five years, concludes on Tuesday.
