Urjit Patel to Replace Rahuram Rajan as New RBI Governer

Urjit Patel to Replace Rahuram Rajan as New RBI Governer
Image: Livemint

Government today announced that sitting 52 year old deputy governer Urjit Patel will be 24th Reserve Bank of India governor. He’ll hold the post for three years starting September 4. He will take over from Raghuram Rajan as RBI Governer.
He has an M.Phil Degree from Oxford and served as a adviser to Boston Consulting Group.


Source: The Hindu

— Born October 28,1963 Urjit Patel completed his BA from the London School of Economics [LSE, University of London], and M. Phil. degree from Oxford University
— He did his Phd in Economics from Yale University
— Worked at the International Monetary Fund in the U.S., India, Bahamas and Myanmar desks between 1990 and 1995.
— Deputed from the IMF to the RBI between 1996 and 97, during which period he advised on the development of debt market, banking sector reforms, pension fund reforms, real exchange rate targeting and evolution of the foreign exchange market
— Served as a consultant to the Ministry of Finance, Department of Economic Affairs between 1998 and 2001.
— Between 2000 and 2004, he worked closely with several high-level Central and State government committees such as the Task Force on Direct Taxes, the Ministry of Finance, and the Secretariat for the Prime Minister’s Task Force on Infrastructure.
— He served as president of Business Development at Reliance Industries Limited from 1997 to 2006

— Before his appointment as Deputy Governor of RBI in 2013, he was an advisor on energy and infrastructure at The Boston Consulting Group.

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