Who is Urjit Patel? Meet the new RBI Governor

Urjit Patel (aged 52 years) recently appointed as the new Governor of Reserve Bank of India, is an Indian economist, consultant and banker, currently serving as Deputy Governor of the Reserve Bank of India and most recently appointed as the Governor of Reserve Bank of India. As Deputy Governor of RBI, Patel currently looks after Monetary Policy, Economic Policy Research, Statistics and Information Management, Deposit Insurance, Communication and Right to Information. On 20 August 2016, he was appointed as the governor of Reserve Bank Of India to succeed Raghuram Rajan when his term expires on September 2016

Patel obtained his BA from the London School of Economics [LSE, University of London], M. Phil. degree from Oxford University in 1986. He received his doctorate in Economics from Yale University in 1990. He was at IMF India desk during the 1991-1994 transition period. He was posted to IMF country mission in India 1992-1995. He has also been a non-resident Senior Fellow at the Brookings Institution since 2009.

Some of the key positions held by Patel are

• Advisor, Boston Consulting Group (Till 2013)
• President, Reliance Industries Limited- 2015
• Executive Director, Infrastructure Development Finance Company (1997-2006)
• Member, Integrated Energy Policy Committee, Government of India (2004-2006)
• Non-Executive Director, Gujarat State Petroleum Corporation Limited
• Non-Executive Director, Multi Commodity Exchange of India Limited
• Deputy Governor, Reserve Bank of India
• Governor, Reserve Bank of India (From 4th September, 2016)