Urjit Patel takes over as RBI Deputy Governor

Urjit Patel on Monday took over as the Deputy Governor of the Reserve Bank of India and his tenure for a period of three years with effect from January 11, 2013.

With this, Patel will be the fourth Deputy Governor, the other three being K C Chakrabarty, Anand Sinha and Harun R Khan, said an RBI release. Prior to his appointment as the RBI Deputy Governor, Patel was Advisor to The Boston Consulting Group on Energy & Infrastructure.

He was with International Monetary Fund (IMF) between 1990 and 1995 and worked on the US, India, Bahamas and Myanmar desks. He was also on deputation (1996-1997) from the IMF to RBI and provided advice on development of the debt market, banking sector reforms, pension fund reforms, real exchange rate targeting and evolution of the foreign exchange market.

Patel was a Consultant (1998-2001) to the Ministry of Finance, Department of Economic Affairs, New Delhi.  Born on October 28, 1963, Patel has been a non-resident Senior Fellow, The Brookings Institution since 2009.  He is a Ph D (Economics) from Yale University (1990) and an M Phil from Oxford (1986)