ENA Sectors 2022-02-17 09:53:21 <p><strong>New Delhi, Feb 17 (KNN)</strong> The central government has nominated Sanjay Malhotra, Secretary, Department of Financial Services as Director on the Central Board of Reserve Bank of India (RBI).</p> <p>He has succeeded Debashish Panda and is a 1990 batch IAS officer of the Rajasthan cadre.</p> <p>Previously he was Chairman and Managing Director of REC Ltd.</p> <p>Malhotra has an exhaustive power sector experience.</p> <p>The reforms-based result-linked power distribution sector scheme to be applicable till 2025-26 aims to reduce Indias AT&amp;C loss to 12-15 per cent and gradually narrow the deficit between the cost of electricity and the price at which it is supplied to zero by 2024-25. <em><strong>(KNN Bureau)</strong></em></p> 28411 https://knnindia.co.in/news/newsdetails/sectors/finance-secretary-sanjay-malhotra-nominated-as-director-of-rbi-central-board 2022-02-17 09:53:21 knnindia.co.in