September 05, 2016 -- Urjit Patel assumed office as the 24th governor of the Reserve Bank of India on Sunday.
An official statement on Monday confirmed that Patel, who was a deputy governor since January 2013, will serve as the RBI head for the next three years, succeeding Raghuram Rajan.“Dr. Urjit R. Patel assumed charge as the twenty-fourth Governor of the Reserve Bank of India effective September 4, 2016 after serving as Deputy Governor since January 2013,” the RBI said on Monday.
The 53-year-old has worked with the International Monetary Fund and also been a consultant with the Finance Ministry between 1998 and 2001. He has worked with private companies such as Reliance Industries, among others, as well.Patel has also been associated with the Task Force on Direct Taxes, the High-Level Expert Group for Reviewing the Civil and Defence Services Pension System, the Prime Minister's Task Force on Infrastructure, the Group of Ministers on Telecom Matters, the Committee on Civil Aviation Reforms, and the Ministry of Power's Expert Group on State Electricity Boards.
Patel has a PhD in economics from Yale University, an M Phil from University of Oxford and a BSc from the University of London