State Bank Chairman or RBI Governor...who gets a higher salary?

Who gets a higher salary, the State Bank Chairman or the RBI Governor? If you're unaware, we're going to tell you today.

Do you know who gets a higher salary, the RBI Governor or the State Bank of India Chairman? If not, we'll tell you today. RBI is the regulator of banks in the country and sets monetary policy. SBI is the country's largest bank.

Challa Srinivasulu Shetty is currently the Chairman of SBI. He previously served as SBI's MD in January 2020. According to media reports, Shetty's annual salary is ₹39.3 lakh. In addition to this salary, he also receives a luxurious bungalow in Malabar Hills, Mumbai, vehicles, and other perks.

Educational Journey

Shetty has been with SBI for nearly 35 years. He began his career as a PO in 1988. He is a Science graduate in Agriculture and a Certified Associate of the Indian Institute of Bankers. His experience and banking knowledge have propelled him to the highest position in the bank.

RBI Governor Sanjay Malhotra's Salary

The current RBI Governor is Shaktikanta Das. Sanjay Malhotra will assume this position from December 11, 2024. According to reports, the new Governor will receive a salary of ₹2.5 lakh per month. This amount is only part of his basic salary. The RBI Governor also receives several benefits from the government, including free accommodation, a car, medical facilities, and a pension.

The RBI Governor is also provided with a large house in Malabar Hill, Mumbai. However, overall, the SBI Chairman's salary is much higher than that of the RBI Governor.

Sanjay Malhotra's Education

Sanjay Malhotra is a 1990 batch IAS officer of the Rajasthan cadre. He earned a computer science engineering degree from IIT Kanpur and then a master's degree in public policy from Princeton University in the United States. His outstanding academic and administrative experience led to his selection as RBI Governor.