Banking News

Urjit Patel appointed as new RBI Governer


The Government of India today (20/8/2016) announced Urjit Patel as the the new RBI Governor. The 52 years old Mr.Patel is the current Deputy Governor of RBI in charge of monetary policy.  Mr. Patel has worked with Boston Consulting Group and Reliance Industries in the past and he is associated with RBI since 2013. He holds a Doctorate in Economics from Yale and an M. Phil from Oxford. He is viewed as closest lieutenant of RaghuramRajan and both worked at the International Monetary Fund, albeit at different times.

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