1. Urjit Patel was born on 28 October 1963 and is a Kenyan-born Indian economist, who formerly served as the 24th Governor of the Reserve Bank of India and Deputy Governor of Reserve Bank of India, looking after monetary policy, economic research, financial markets, statistics and information management.
Urjit Patel resigned from his post on 10 December 2018, being the first RBI governor to state personal reasons as a driving factor for resigning.
Urjit Patel was born in Nairobi on 28 October 1963 to Manjula and Ravindra Patel.
Urjit Patel's grandfather had migrated from Mahudha village in Kheda district, Gujarat to Kenya in the 20th century.
Urjit Patel's father ran Rexo Products Ltd, a chemical factory in Nairobi.
Urjit Patel studied in Nairobi at Jamhuri High School, and prior to that the Gujarati community-run Visa Oshwal Primary School.
Urjit Patel studied at the London School of Economics for a Bachelor of Science degree in 1984.
Between 2000 and 2004, Urjit Patel worked with several High-Level Committees at both Central and State Government levels:.
On 11 January 2013, Urjit Patel was appointed as Deputy Governor of RBI for a period of three years; he was appointed for another three-year term in January 2016.
On 10 December 2018 at 17:15 hrs IST, Urjit Patel resigned from the post of Governor of the Reserve Bank of India effective immediately.
In June 2022, Urjit Patel was appointed as the Vice President for investment-operations for the Beijing-based Asian Infrastructure Investment Bank, one of the leading multilateral banks in the world.
The latter wanted more money from RBI to balance its fiscal deficit, which Urjit Patel did not agree to, citing requirement for long-term financial stability.