financetom
News
financetom
/
News
/
Ex-RBI governor Urjit Patel turns 59 — demonetisation & other deets about him
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ex-RBI governor Urjit Patel turns 59 — demonetisation & other deets about him
Oct 27, 2022 10:04 PM

Dr Urjit R. Patel served as the 24th governor of the Reserve Bank of India (RBI) between September 2016 and December 2018. Born on October 28, 1963, Patel’s tenure had seen the demonetisation, among other things. Patel resigned from the post citing personal reasons, the first governor to do so.

He is currently serving as the Vice President of the Asian Infrastructure Investment Bank (AIIB), a multinational development investment bank based out of Beijing. India is the largest lender of the AIIB.

On his birthday, here are some interesting facts about the man.

Dr Patel was born in Nairobi, Kenya and completed his schooling there. His father ran a chemical factory in the African country.

Dr Patel has attended three of the best academic institutions in the world — he completed his bachelor’s in economics from the London School of Economics, M.Phil from Oxford University and doctorate in economics from Yale University.

Also read: View | How new RBI guidelines on digital lending will help stakeholders

Before his stint at the RBI, he worked at the International Monetary Fund (IMF) between 1991-95 on the US, India and Myanmar desks. His next assignment was a deputation from the IMF to the Reserve Bank during 1996-97.

Dr Patel was one of only five deputy governors of the RBI, appointed by the government. He held the position between 2013-16.

Dr Patel has published multiple books and papers on economics.

He has worked with the government on issues like direct taxes, infrastructure, telecom, civil aviation, pension system, discoms and more.

He has also held positions in organisations like Reliance Industries, Boston Consulting Group, Infrastructure Development Finance Company, Gujarat State Petroleum Corporation, and Multi Commodity Exchange of India Limited.

(Edited by : Shoma Bhattacharjee)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Yen Update: USD/JPY Dips after BoJ Minutes, Concern over Volatile Moves
Yen Update: USD/JPY Dips after BoJ Minutes, Concern over Volatile Moves
Mar 25, 2024
Japanese Yen (USD/JPY) Analysis BoJ minutes extend the ‘carry trade’ as officials rule out rapid rate hikesLike clockwork, Japan’s top currency diplomat voices dissatisfaction with recent yen volatility, weaknessIG Client sentiment ‘mixed’ despite massive short positioningThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library BoJ...
Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances
Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances
Mar 25, 2024
Gold Whipsaws and Signals a Potential Momentum Shift The precious metal rose phenomenally in the wake of the FOMC meeting and updated summary of economic projections. The US dollar acted as the release valve for all the hawkish sentiment that had been priced into the market. US activity, jobs and inflation data printed on the higher side of estimates in...
Oil Update: Russia
Oil Update: Russia
Mar 23, 2024
Brent Crude Oil News and Analysis Over 150 missiles and drones fired in latest attack on UkraineOil prices ease into the weekend despite attacks on energy infrastructureIG client sentiment focuses on recent changes in positioning to arrive at bearish biasThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our...
US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups
US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups
Mar 23, 2024
Most Read: U.S. Dollar Outlook Market Sentiment: USD/JPY, USD/CAD, USD/CHF The U.S. dollar, as measured by the DXY index, strengthened this past week, closing at its best level since mid-February on Friday. Despite initial losses following the Fed’s dismissal of renewed inflation risks and indications that it was still on track for 75 basis points of easing this year, the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved