Senior bureaucrat Sanjay Malhotra has been appointed as Secretary, Department of Financial Services as part of a top-level bureaucratic reshuffle by the Centre.
The Department of Financial Services engulfs the functioning of Banks, Financial Institutions, Insurance Companies and the National Pension System.
Malhotra, a 1990-batch lAS officer of Rajasthan cadre, is currently Chairman and Managing Director, REC Ltd.
He is an Engineering Graduate of Computer Science from IIT, Kanpur and has done his Masters in Public Policy from the Princeton University. With spectacular leadership quality and unmatched excellence in his career spanning over 30 years, Malhotra has worked in various sectors including power, finance and taxation, information technology, mines etc.
Prior to joining REC, Sanjay was posted as Additional Secretary in the Ministry of Power and has
