News Headline Summary

Urjit Patel, a consultant at Boston Consulting Group, has been appointed a deputy governor at the Reserve Bank of India, succeeding Subir Gokarn

Patel, a doctorate in economics from the Yale University and a non-resident senior fellow at the Brookings Institution, a US-based think-tank , will serve a twoyear term at the regulator, said DK Mittal, secretary, Financial Affairs at the ministry of finance.

He would be advising the governor D Subbarao amid an uncertain inflationary scenario and clamour for interest rate cuts due to slowing economic growth. Patel carries a diverse work experience from a private lender to infrastructure projects and at a large industrial house. He has had roles in government departments too, including the RBI.

Full article: http://economictimes.indiatimes.com/news/economy/policy/urjit-patel-appointed-as-rbi-deputy-governor/articleshow/17866677.cms

02 Jan 2013 - 21:29 - - Source: Economic Times

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