Urjit R. Patel
|Urjit R. Patel|
|Deputy Governor of Reserve Bank of India|
11 January 2013
|Born||28 October 1963
|Education||Yale University, Oxford University, University of London|
Urjit R. Patel (born 28 October 1963) is an Indian economist, consultant and banker, currently serving as Deputy Governor of the Reserve Bank of India (RBI). As Deputy Governor of RBI, he looks after monetary policy, economic policy research, statistics and information management, deposit insurance, communication and Right to Information. On 20 August 2016, he was named as the governor of RBI to succeed Raghuram Rajan when the latter’s term expires in September 2016.
Early life and education
Patel obtained his Bachelor’s in Economics from the London School of Economics, 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 1991–94 transition period. He was posted to IMF country mission in India 1992–95. He has also been a non-resident Senior Fellow at the Brookings Institution since 2009.
After obtaining his PhD, Dr. Patel joined the International Monetary Fund (IMF) in 1990 worked on the USA, India, Bahamas and Myanmar desks at IMF till 1995. Thereafter he went on deputation the IMF 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 
- Advisor, Boston Consulting Group
- President (Business Development), Reliance Industries Limited 
- 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 )
When the UPA Government in India came into power for a second term in 2009, it announced a ‘100-day’ action plan, which became a hot topic for media discussion. Surprisingly, Urjit Patel was the expert commentator on UPA’s first 100 days on Hindi News Channel, although he had no prior media exposure in India.
Patel has also been Director of State Bank of India since February 2013.Released in Urjit Patel Committee …
The government announced Urjit Patel as the new RBI Governor. Currently the RBI’s deputy governor in …
ब्याज दरों पर रघुराम राजन से बहुत अलग नहीं है उर्जित पटेल रिजर्व बैंक के नए गवर्नर की नियुक्ति के साथ ही कुछ …
In Urjit Patel, Modi sarkar has not only appointed a Kenyan-born as RBI governor but also …
2 days ago – A panel under his chairmanship had proposed inflation-targeting and the setting up of a monetary policy committee. Urjit Patel has been appointed the Reserve Bank of India (RBI) Governor. … In September 2016, Urjit Patel will take over as the 24th Governor of the Reserve Bank of …
22 hours ago – The current deputy governor of the RBI, Urjit Patel, will become its 24th Governor on 4th September, succeeding Raghuram Rajan. As deputy …
1 day ago – After the rockstar-like aura that trailed Raghuram Rajan during his three years as RBI governor, his successor Urjit Ravindra Patel brings a …
2 days ago – RBI’s Deputy Governor Urjit Patel was on Saturday appointed as the next Governor of the central bank after Raghuram Rajan demits office on …
21 hours ago – Urjit R Patel will be stepping into Raghuram Rajan’s big-sized shoes from September 4. But he has been walking through the minefield of …
51 mins ago – Stock market is expected to cheer the appointment of Reserve Bank’s Deputy Governor Urjit Patel as the new Governor, which the experts say …
2 days ago – Ending months of speculation, the government on Saturday announcedUrjit Patel as the governor of the Reserve Bank of India. Patel, 52, is …
1 day ago – The government has announced Urjit Patel as the next governor of the Reserve Bank of India for a three-year term, succeeding Raghuram …