Urjit Patel Age, Wife, Kids, Family, Biography & More » StarsUnfolded
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Education: PhD (Economics)
Occupation: Economist
Age: 58
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Some Lesser Known Facts About Urjit Patel
- Urjit Patel is considered a prominent Indian economist, banker and consultant.
- He was born in Nairobi, Kenya.
- His grandfather immigrated to Kenya from Gujarat in the early 20th century.
- His father, also born in Kenya, runs a spare parts business in Nairobi.
- He received his Ph.D. in Economics from Yale University in 1990.
- He joined the International Monetary Fund (IMF) as a Kenyan citizen.
- From 1990 to 1995, he worked in the IMF’s Bahamas, India, United States and Myanmar offices.
- In 1996-1997, he was appointed by the IMF as the Reserve Bank of India, where he completed two years as an agent; he became an adviser to the Ministry of Finance (Ministry of Economic Affairs), Government of India, where he served from 1998 to 2001. the post.
- He learned Gujarati and Hindi only after his tenure in India.
- In 2013, he was appointed Deputy Governor of the Reserve Bank of India and headed the Monetary Policy Reform Committee.
- Before becoming RBI deputy governor in 2013, he had applied for an Indian passport, and his letter of recommendation to the Home Ministry was written by Manmohan Singh (then prime minister of India).
- In 2016, he was re-appointed as Deputy Governor of the Reserve Bank of India.
- On September 4, 2016, he became the 24th Governor of the Reserve Bank of India (RBI).
- He has a small circle of friends and is considered a “happy person”.
- He lives with his mother in a small apartment in Mumbai.
- Earlier, he rejected an offer to head Shanghai BRICS Bank, according to sources.
- On December 10, 2018, he resigned as RBI governor amid a dispute with the central government. He stepped down from his post; citing personal reasons. In his letter he wrote:
For personal reasons, I have decided to resign from my current position immediately. “
- In January 2022, he was appointed deputy governor of the Beijing-based Asian Infrastructure Investment Bank (AIIB) for a three-year term, one of five deputy governors of the multilateral development bank; he replaces former Gujarat chief secretary DJ Pandian.
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