India Names Princeton-Educated Malhotra to Lead Central Bank (4)

India appointed career bureaucrat Sanjay Malhotra as the new governor of the nation’s central bank, ending weeks of speculation over who would helm monetary policy in the world’s fastest-growing major economy.

The new governor, who has a master’s degree in public policy from Princeton University, will take charge of the Reserve Bank of India for a three-year term from Dec. 11, according to a government statement on Monday. He succeeds Shaktikanta Das, who has been the RBI chief since 2018.

Malhotra, currently serving as revenue secretary in the Ministry of Finance, has more than three decades of experience in ...