New RBI Governor: Dr. Urjit Patel

"Dr. Urjit R. Patel assumed charge as the twenty-fourt Governor of Reserve Bank of India effective September 4, 2016 after serving as Deputy Governor since January 2013," the Central Bank said in press statement.

The appointment commitee of cabinet approved the appointment of Dr. Patel on August 20, being effective from September 4, succeeding Mr. Raghuram Rajan.

Urjit Patel is an Indian Economist and banker. He was also a consultant to the Ministry of Finance (Dept. of Economic Affairs), from 1998 to 2001.

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