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7 Interesting facts that you must know about Urjit Patel

The governor of RBI is responsible for managing the Indian Banking system. Find out 7 interesting facts that you must know about Urjit Patel in order to understand his potential to run Indian Economy

Feb 17, 2017 16:15 IST
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About Urjit Patel
About Urjit Patel

Urjit Patel is an Indian economist and current Governor of India’s Central Bank (Reserve Bank of India) since September 2016. He has been appointed as the Governor by the Narendra Modi government. Mr. Patel succeeds Raghuram Rajan as RBI governor.

In this article we will have compiled 7 interesting facts about the present governor of India which you must read in order to find out his competence at this significant position. Our Government has entrusted the responsibility of managing and controlling the functions of Indian Banking industry and hence he is accountable for the growth and vice versa of our economy. These facts will throw some light upon his Alma matter and expertise to manage his role efficiently and effectively.    

Childhood

1. Urjit Patel was born on 28th October 1963 in Nairobi, Kenya. His complete name is Urjit Ravindra Patel.

Family Background

2. His father, Ravindra Patel was a businessman in Nairobi.

3. Patel’s grandfather migrated from central Gujarat in the early years of the 20th century to Kenya during the British Raj. His grandfather belonged to Palana village, which is the same area from where I.G. Patel, the fourteenth governor of RBI came from.

Educational Background

4. Patel has pursued B.A. in Economics from London School of Economics and thereafter earned an M.Phil from Oxford University. Finally, he also earned a doctoral degree (PhD) in Economics from Yale University. He learned Gujarati and Hindi language only after his posting in India.

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Work Experience

5. He was the Deputy Governor in-charge of monetary policy before becoming the 24th Governor of RBI.

6. He is an expert of inflation and has worked with the International Monetary Fund, India office and the Boston Consulting Group

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Relation with Reliance

7. He also has worked in Reliance Industries Limited from 1997 to 2006 as the president of Business Development.

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These facts provide a snapshot of the achievements that render Mr. Urjit Patel for becoming the Governor of RBI. We hope that the 7 interesting facts about Urjit Patel will help you trust his decision for running the economy in the right direction.

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