Urjit Patel Set To Be The New RBI GovernorThe much coveted chair of RBI Governor, for the third largest economy of the world, goes to Urjit Patel.
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And the much coveted chair ofRBI Governor,for the third largest economy of the world, goes toUrjit Patel.
After months of speculations and quite a few names making round in the Indian banking/political sector, the curtains have certainly been raised withUrjit Patel, the sittingDeputy Governorset to take-over from incumbentRaghuram Rajan, once he vacates the office come September.
While there have been quite a few murmurs against the out-going governor and his policies; especially in the last few months, Urjit Patel's appointment is seen as a step by many, as the government's willingness to continue the system set in place by Raghuram Rajan and finish off the agenda that he initiated.
With anM.Phildegree fromOxford University, and having served as an advisor toBoston Consulting Group, Urjit Patel is seen by many in the circuit as a forward thinking man who was instrumental in India's switch towards inflating targeting and CPI as the new inflation benchmark.
To add to it, he also has experience of working withInternational Monetary Fundbetween 1990 and 1995 where he covered the US, India, Bahamas and Myanmar desks.
