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Home > Topics > Urjit Patel

Urjit Patel

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Urjit Patel

Urjit Patel is an Indian economist and currently serving as the 24th Governor of the Reserve Bank of India (RBI). He has also been a consultant, banker as well as the Deputy Governor of RBI. As the deputy Governor, he was responsible for monetary policy, Right to Information, economic policy research, statistics and information management, deposit insurance and communication. After the end of Raghuram Rajans term as the Governor of Reserve Bank of India on 4th September 2016, Urjit Patel succeeded him as the new Governor of the RBI and he took charge on 6th September 2016. Born on 28th October 1963 in Kenya, Patel completed his Bachelors in Economics from London School of Economics and later he received his M. Phil. Degree from Oxford University in 1986. He then received his doctorate in Economics from Yale University in 1990. After completing his studies and obtaining his Ph.D, Dr. Patel joined the International Monetary Fund (IMF) in 1990. He was posted to IMF country mission in India from 1992-95. He was also posted to USA, Bahamas and Myanmar desks till 1995. Thereafter he went on deputation to RBI as an advisor and played an important role in the development of the debt market, pension fund reforms, banking sector reforms and targeting of the real exchange rate. In 1998, after completing two years deputation with RBI, he became the Consultant to the Indian Government and worked in the Ministry of Finance, Department of Economic Affairs. He held this position till 2001. From 2000 to 2004, Patel was a part of many high level committees at the Centre as well as State level and worked with committees like Competition Commission, Prime Ministers Task Force on Infrastructure, Task forces on Direct Taxes, Expert Group on State Electricity Boards, Advisory Committee on Research Projects and Market Studies, Group of Ministers on Telecom Matters and High level expert group n Civil and Defence Services Pension System. Since 2009, he has also been a non-resident Senior Fellow at the Brookings Institution. He Succeeded Subir Gokarn to the Post of Deputy Governor of RBI and was appointed for a period of three years. He played an important role after he took over the charge of vital Monetary Policy Department. He was appointed as the governor of RBI on 20th August 20116 succeeding Raghuram Rajan and he took over the post on 6th September 2016. Urjit Patel came into media exposure for the first time in 2009 as the expert commentator on UPAs 100 day action plan after the UPA government announced the 100 day action plan after coming to power for the second term. This was Urjit Patels first media exposure. Before becoming the Governor of RBI, he has also held other important positions like Advisor of the Boston Consulting Group, President of Business Development in Reliance Industries. HE WAS ALSO THE Executive Director of Infrastructure Development Finance Company from 1997-2006 and was a member of the integrated Energy Policy Committee for Government of India from 2004 to 2006. He has also been the Non-Executive Director of the Gujarat State Petroleum Corporation and Multi Commodity Exchange of Indi Limited. The economy experts in the country are keeping an eye on Urjit Patel and he has the responsibility to control the inflation and all of his policies will be compared with the Former Governor Raghuram Rajan.
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Urjit Patel News

  • Ahead of Presentation of Budget, Former RBI Governor Urjit Patel Warns Against PSB Loan Push, Pump Prime Economy

    Ahead of Presentation of Budget, Former RBI Governor Urjit Patel Warns Against PSB Loan Push, Pump Prime Economy

    India.com News Desk | July 5, 2019 6:53 AM IST

    Patel had taken charge as Governor on September 4, 2016, for a three-year term, following Raghuram

    Ahead of Presentation of Budget, Former RBI Governor Urjit Patel Warns Against PSB Loan Push, Pump Prime Econ
    indiacom
    2019-07-04T19:53:17+00:00
    2019-07-04T20:18:42+00:00
    Urjit Patel
    India.com
  • PM Modi Defends Govt on Criticism Over Demonetisation, Urjit Patel's Resignation as RBI Governor

    PM Modi Defends Govt on Criticism Over Demonetisation, Urjit Patel's Resignation as RBI Governor

    India.com News Desk | January 1, 2019 6:14 PM IST

    PM Modi said that Urjit Patel requested to resign on personal reasons, adding that there was no

    PM Modi Defends Govt on Criticism Over Demonetisation, Urjit Patel's Resignation as RBI Governor
    indiacom
    2019-01-01T07:14:38+00:00
    2019-01-01T07:14:38+00:00
    Urjit Patel
    India.com
  • Lowering capital buffer detrimental to banks, economy: RBI

    Lowering capital buffer detrimental to banks, economy: RBI

    PTI Feeds | December 28, 2018 8:30 PM IST

    PM Modi said that Urjit Patel requested to resign on personal reasons, adding that there was no

    Lowering capital buffer detrimental to banks, economy: RBI
    indiacom
    2018-12-28T09:30:07+00:00
    2018-12-28T09:30:07+00:00
    Urjit Patel
    India.com
  • Decision on excess reserves should rest with RBI alone: Basu

    Decision on excess reserves should rest with RBI alone: Basu

    PTI Feeds | December 19, 2018 5:15 PM IST

    PM Modi said that Urjit Patel requested to resign on personal reasons, adding that there was no

    Decision on excess reserves should rest with RBI alone: Basu
    indiacom
    2018-12-19T06:15:09+00:00
    2018-12-19T06:15:09+00:00
    Urjit Patel
    India.com
  • RBI Governor Shaktikanta Das Chairs Central Board Meeting, Issues Like New Economic Capital Framework Discussed

    RBI Governor Shaktikanta Das Chairs Central Board Meeting, Issues Like New Economic Capital Framework Discussed

    India.com Business Desk | December 14, 2018 12:48 PM IST

    With a new Governor in the saddle, the Government may adopt a wait-and-watch approach before

    RBI Governor Shaktikanta Das Chairs Central Board Meeting, Issues Like New Economic Capital Framework Discuss
    indiacom
    2018-12-14T01:48:52+00:00
    2018-12-14T01:48:52+00:00
    Urjit Patel
    India.com
  • On debut, new RBI Guv Das promises to work closely with govt

    On debut, new RBI Guv Das promises to work closely with govt

    PTI Feeds | December 12, 2018 8:54 PM IST

    With a new Governor in the saddle, the Government may adopt a wait-and-watch approach before

    On debut, new RBI Guv Das promises to work closely with govt
    indiacom
    2018-12-12T09:54:09+00:00
    2018-12-12T09:54:09+00:00
    Urjit Patel
    India.com
  • Rupee tumbles 16 paise, breaches 72-mark vs USD

    Rupee tumbles 16 paise, breaches 72-mark vs USD

    PTI Feeds | December 12, 2018 6:18 PM IST

    With a new Governor in the saddle, the Government may adopt a wait-and-watch approach before

    Rupee tumbles 16 paise, breaches 72-mark vs USD
    indiacom
    2018-12-12T07:18:26+00:00
    2018-12-12T07:18:26+00:00
    Urjit Patel
    India.com
  • Shanktikanta Das named new RBI Governor

    Shanktikanta Das named new RBI Governor

    PTI Feeds | December 11, 2018 6:51 PM IST

    With a new Governor in the saddle, the Government may adopt a wait-and-watch approach before

    Shanktikanta Das named new RBI Governor
    indiacom
    2018-12-11T07:51:50+00:00
    2018-12-11T07:51:50+00:00
    Urjit Patel
    India.com
  • PM Narendra Modi Appoints Shaktikanta Das RBI Governor

    PM Narendra Modi Appoints Shaktikanta Das RBI Governor

    India.com News Desk | December 11, 2018 6:41 PM IST

    Former finance secretary and current member of the finance commission Shaktikanta Das has been

    PM Narendra Modi Appoints Shaktikanta Das RBI Governor
    indiacom
    2018-12-11T07:41:02+00:00
    2018-12-11T07:41:02+00:00
    Urjit Patel
    India.com
  • Closing Bell: Sensex ends 190 pts higher, Nifty around 10,550

    Closing Bell: Sensex ends 190 pts higher, Nifty around 10,550

    ANI Feeds | December 11, 2018 5:39 PM IST

    After witnessing volatility through the day, the Sensex on Tuesday closed after trading up 190.29

    Closing Bell: Sensex ends 190 pts higher, Nifty around 10,550
    indiacom
    2018-12-11T06:39:45+00:00
    2018-12-11T06:39:45+00:00
    Urjit Patel
    India.com
  • Assembly Election Results 2018! As BJP Swamped by Congress, Sensex, Nifty Shine; 6 Key Points That Changed Markets Today

    Assembly Election Results 2018! As BJP Swamped by Congress, Sensex, Nifty Shine; 6 Key Points That Changed Markets Today

    India.com Business Desk | December 11, 2018 5:02 PM IST

    NOC reportedly said the shutdown would result in a production loss of 315,000 barrels per day

    Assembly Election Results 2018! As BJP Swamped by Congress, Sensex, Nifty Shine; 6 Key Points That Changed Ma
    indiacom
    2018-12-11T06:02:24+00:00
    2018-12-11T06:02:24+00:00
    Urjit Patel
    India.com
  • Rupee plunges 110 paise to 72.42 per US dollar in early trade

    Rupee plunges 110 paise to 72.42 per US dollar in early trade

    PTI Feeds | December 11, 2018 10:06 AM IST

    NOC reportedly said the shutdown would result in a production loss of 315,000 barrels per day

    Rupee plunges 110 paise to 72.42 per US dollar in early trade
    indiacom
    2018-12-10T23:06:10+00:00
    2018-12-10T23:06:10+00:00
    Urjit Patel
    India.com
  • Sensex tanks over 500 pts; Nifty cracks below 10,400

    Sensex tanks over 500 pts; Nifty cracks below 10,400

    PTI Feeds | December 11, 2018 9:57 AM IST

    NOC reportedly said the shutdown would result in a production loss of 315,000 barrels per day

    Sensex tanks over 500 pts; Nifty cracks below 10,400
    indiacom
    2018-12-10T22:57:15+00:00
    2018-12-10T22:57:15+00:00
    Urjit Patel
    India.com
  • Let govt take over RBI: Sena's jibe after Patel's resignation

    Let govt take over RBI: Sena's jibe after Patel's resignation

    PTI Feeds | December 10, 2018 9:48 PM IST

    NOC reportedly said the shutdown would result in a production loss of 315,000 barrels per day

    Let govt take over RBI: Sena's jibe after Patel's resignation
    indiacom
    2018-12-10T10:48:09+00:00
    2018-12-10T10:48:09+00:00
    Urjit Patel
    India.com
  • Patel's resignation result of Centre's

    Patel's resignation result of Centre's "thoughtless" act:Naidu

    PTI Feeds | December 10, 2018 9:39 PM IST

    NOC reportedly said the shutdown would result in a production loss of 315,000 barrels per day

    Patel's resignation result of Centre's "thoughtless" act:Naidu
    indiacom
    2018-12-10T10:39:32+00:00
    2018-12-10T10:39:32+00:00
    Urjit Patel
    India.com
  • Marathe says saddened, surprised by Patel resignation

    Marathe says saddened, surprised by Patel resignation

    PTI Feeds | December 10, 2018 9:33 PM IST

    NOC reportedly said the shutdown would result in a production loss of 315,000 barrels per day

    Marathe says saddened, surprised by Patel resignation
    indiacom
    2018-12-10T10:33:18+00:00
    2018-12-10T10:33:18+00:00
    Urjit Patel
    India.com
  • RBI employee union expresses shock over Patel's resignation

    RBI employee union expresses shock over Patel's resignation

    PTI Feeds | December 10, 2018 9:33 PM IST

    NOC reportedly said the shutdown would result in a production loss of 315,000 barrels per day

    RBI employee union expresses shock over Patel's resignation
    indiacom
    2018-12-10T10:33:11+00:00
    2018-12-10T10:33:11+00:00
    Urjit Patel
    India.com
  • RBI Governor Urjit Patel's Resignation: Opposition Slams PM Modi, Mamata Banerjee Calls it a 'Financial Emergency'

    RBI Governor Urjit Patel's Resignation: Opposition Slams PM Modi, Mamata Banerjee Calls it a 'Financial Emergency'

    India.com News Desk | December 10, 2018 9:25 PM IST

    Banerjee said, "We'll meet the President because financial stability is not there, Reserve Bank of

    RBI Governor Urjit Patel's Resignation: Opposition Slams PM Modi, Mamata Banerjee Calls it a 'Financial Emerg
    indiacom
    2018-12-10T10:25:53+00:00
    2018-12-10T10:25:53+00:00
    Urjit Patel
    India.com
  • Role and responsibilities of RBI

    Role and responsibilities of RBI

    PTI Feeds | December 10, 2018 9:12 PM IST

    Banerjee said, "We'll meet the President because financial stability is not there, Reserve Bank of

    Role and responsibilities of RBI
    indiacom
    2018-12-10T10:12:37+00:00
    2018-12-10T10:12:37+00:00
    Urjit Patel
    India.com
  • Urjit Patel - reticent but independent-minded governor who found his voice

    Urjit Patel - reticent but independent-minded governor who found his voice

    PTI Feeds | December 10, 2018 9:12 PM IST

    Banerjee said, "We'll meet the President because financial stability is not there, Reserve Bank of

    Urjit Patel - reticent but independent-minded governor who found his voice
    indiacom
    2018-12-10T10:12:31+00:00
    2018-12-10T10:12:31+00:00
    Urjit Patel
    India.com
Next
indiacom
2022-05-22T18:30:00+00:00
2022-05-22T18:30:00+00:00
Urjit Patel
Urjit Patel
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