Urjit R. Patel (Sep 05, 2016 to Date) |
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Urjit R. Patel (born 28 October 1963) is an Indian economist,
consultant and banker, currently serving as Governor of the Reserve Bank
of India (RBI). As the Deputy Governor of RBI, he looked after monetary
policy, economic policy research, statistics and information
management, deposit insurance, communication and Right to Information. After obtaining his PhD, Dr. Patel joined the International Monetary Fund (IMF) in 1990 and worked on the USA, India, Bahamas and Myanmar desks at IMF till 1995. Thereafter he went on deputation to the Reserve Bank of India, where he played an advisory role in the development of the debt market, banking sector reforms, pension fund reforms, targeting of real exchange rate. After the two-year deputation with RBI, Patel became a Consultant to the Government of India in the Ministry of Finance, Department of Economic Affairs - a position he held from 1998 to 2001. Between 2000 and 2004, Dr. Patel worked with several High Level Committees at both Central and State Government level, including Competition Commission, Task Force on Direct Taxes, Prime Minister’s Task Force on Infrastructure, Group of Ministers on Telecom Matters, Advisory Committee on Research Projects and Market Studies, Committee on Civil Aviation Reforms, Expert Group on State Electricity Boards and High Level Expert Group on Civil & Defence Services Pension System. On 11 January 2013, Urjit Patel was appointed as Deputy Governor of RBI for a period of three years.He took over charge of the vital Monetary Policy Department, succeeding Subir Gokarn to the post.On 20 August 2016, he was appointed as the governor of Reserve Bank Of India(RBI) succeeding Raghuram Rajan. | |
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