Urjit Patel has been appointed the Reserve Bank of India (RBI) Governor. The 52-year-old economist, consultant and banker was serving as the RBI Deputy Governor and will now succeed Raghuram Rajan.
The 52-year-old economist, consultant and banker was serving as the RBI Deputy Governor.
Patel is likely to assume office on September 5
Patel, who holds a doctorate in Economics from Yale, is credited to be one of the main architects of re-engineering the RBI’s monetary police structure.
He was a close confidante of outgoing RBI governor Raghuram Rajan.
Patel has also served the International Monetary Fund (IMF) between 1990 and 1995.
He has also been a non-resident Senior Fellow at the Brookings Institution since 2009.
Urjit Patel was the expert commentator on UPA’s first 100 days on Hindi News Channel.
Before his appointment as Deputy Governor of RBI in 2013, he was an advisor on energy and infrastructure at The Boston Consulting Group.
Dr. Patel has experience of over 17 years in financial, energy and infrastructure sectors.
He has been a Director of State Bank of India since February 6, 2013.