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Urjit Patel new RBI Governor
Highlights
Urjit Patel has been appointed new RBI Governor. He\'ll hold the post for three years starting September 4. Patel, a banker and economist, has served on various government panels and as an advisor in the Finance ministry.
New Delhi: Urjit Patel has been appointed new RBI Governor. He'll hold the post for three years starting September 4. Patel, a banker and economist, has served on various government panels and as an advisor in the Finance ministry.
He will replace Raghuram Rajan. The selection of Patel as the 24th Governor of the RBI should come as no surprise considering that the monetary policy framework, based on which the RBI would function, is based on recommendations of a committee headed by Patel.
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