Home > Topics > Urjit Patel

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.

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
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
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
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
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
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
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
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
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
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
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
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
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
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 "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
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
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'
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
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
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