Urjit Patel – New Governor of Reserve Bank of India

Last updated by BankersClub on August 21, 2016

Urjit-Patel-is-new-RBI-Governor-Heres-how-India-Inc-brokerages-have-reactedUrjit Patel, the present Deputy Governor of Reserve Bank of India has been announced as successor of Raghuram Rajan. Urjit Patel will take charge on September 4 after Raghuram Rajan demits office.

The appointments committee of the cabinet (ACC) has approved the appointment of Dr Urjit R Patel as Governor of  Reserve Bank of India (RBI) for a period of three years w.e.f. from 04.9.2016.


About Dr. Urjit Patel

  • 52 year old Urjit Patel is presently serving as Deputy Governor of RBI
  • Doctorate in Economics from Yale University in 1990
  • M.Phil from Oxford in 1986
  • Bachelor’s degree in Economics from the London School of Economics
  • Worked with International Monetary Fund between 1990 to 1995
  • Consultant to the Government of India in the Ministry of Finance, Department of Economic Affairs from 1998 to 2001
  • Worked with several High Level Committees including Task Force on Direct Taxes, Prime Minister’s Task Force on Infrastructure.
  • Known as inflation worrier of Raghuram Rajan
  • Was head of panel for recommending changes in monetary policy
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