Urjit Patel appointed new RBI Governor

Urjit Patel

Preeminent economist, consultant and banker Urjit Patel was on Saturday appointed as new Governor of the Reserve Bank of India (RBI). The tenure of the present governor Raghuram Rajan is ending on September 4.

The appointment has been made on the recommendation of the Financial Sector Regulatory Appointment Search Committee (FSRASC) headed by Cabinet Secretary.

The committee undertook an extensive exercise to suggest a panel of names to the appointment committee of cabinet (ACC).

Wefornews Bureau

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