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Urjit Patel
Urjit Patel (born 28 October 1963) is a Kenyan-born Indian economist, who served as the 24th Governor of the Reserve Bank of India from 2016 to 2018 and is currently appointed as the Executive Director at the International Monetary Fund representing India, Bangladesh, Bhutan and Sri Lanka. He also serves as the Chairman of National Institute of Public Finance and Policy, additional director of Britannia Industries and independent director of John Cockerill India.
Urjit Patel was born in Nairobi on 28 October 1963 to Manjula and Ravindra Patel. His grandfather had migrated from Mahudha village in Kheda district, Gujarat to Kenya in the 20th century. His father ran Rexo Products Ltd, a chemical factory in Nairobi.
He studied in Nairobi at Jamhuri High School, and prior to that the Gujarati community-run Visa Oshwal Primary School. He studied at the London School of Economics for a Bachelor of Science degree in 1984. He obtained an M.Phil. degree from University of Oxford in 1986. He was conferred a Ph.D. in economics from Yale University in 1990. He was at IMF India Desk during the 1991–94 transition period.
After obtaining his Ph.D., Patel joined the International Monetary Fund (IMF) in 1990, where he worked on the US, India, Bahamas and Myanmar desks till 1995. Thereafter he went on deputation from the IMF to the Reserve Bank of India (RBI), where he played an advisory role in the development of the debt market, banking sector reforms, pension fund reforms, and targeting of real exchange rate.
Between 2000 and 2004, Patel worked with several High-Level Committees at both Central and State Government levels:
Born in Kenya in a Gujarati family, Patel became a naturalised Indian citizen in 2013 before joining the RBI. On 11 January 2013, Patel was appointed as Deputy Governor of RBI for a period of three years; he was appointed for another three-year term in January 2016
On 20 August 2016, he was appointed as the governor of Reserve Bank Of India (RBI). During his tenure, the Government of India demonetised the ₹500 and ₹1000 banknotes of the Mahatma Gandhi Series, with the stated intention of curbing corruption, black money, fake currency and terrorism from 9 November 2016.
On 10 December 2018 at 17:15 hrs IST, Urjit Patel resigned from the post of Governor of the Reserve Bank of India (RBI) effective immediately.
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Urjit Patel
Urjit Patel (born 28 October 1963) is a Kenyan-born Indian economist, who served as the 24th Governor of the Reserve Bank of India from 2016 to 2018 and is currently appointed as the Executive Director at the International Monetary Fund representing India, Bangladesh, Bhutan and Sri Lanka. He also serves as the Chairman of National Institute of Public Finance and Policy, additional director of Britannia Industries and independent director of John Cockerill India.
Urjit Patel was born in Nairobi on 28 October 1963 to Manjula and Ravindra Patel. His grandfather had migrated from Mahudha village in Kheda district, Gujarat to Kenya in the 20th century. His father ran Rexo Products Ltd, a chemical factory in Nairobi.
He studied in Nairobi at Jamhuri High School, and prior to that the Gujarati community-run Visa Oshwal Primary School. He studied at the London School of Economics for a Bachelor of Science degree in 1984. He obtained an M.Phil. degree from University of Oxford in 1986. He was conferred a Ph.D. in economics from Yale University in 1990. He was at IMF India Desk during the 1991–94 transition period.
After obtaining his Ph.D., Patel joined the International Monetary Fund (IMF) in 1990, where he worked on the US, India, Bahamas and Myanmar desks till 1995. Thereafter he went on deputation from the IMF to the Reserve Bank of India (RBI), where he played an advisory role in the development of the debt market, banking sector reforms, pension fund reforms, and targeting of real exchange rate.
Between 2000 and 2004, Patel worked with several High-Level Committees at both Central and State Government levels:
Born in Kenya in a Gujarati family, Patel became a naturalised Indian citizen in 2013 before joining the RBI. On 11 January 2013, Patel was appointed as Deputy Governor of RBI for a period of three years; he was appointed for another three-year term in January 2016
On 20 August 2016, he was appointed as the governor of Reserve Bank Of India (RBI). During his tenure, the Government of India demonetised the ₹500 and ₹1000 banknotes of the Mahatma Gandhi Series, with the stated intention of curbing corruption, black money, fake currency and terrorism from 9 November 2016.
On 10 December 2018 at 17:15 hrs IST, Urjit Patel resigned from the post of Governor of the Reserve Bank of India (RBI) effective immediately.
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