Education
After obtaining his Doctor of Philosophy, Doctor Patel joined the International Monetary Fund in 1990 worked on the United States of America, India, Bahamas and Myanmar desks at International Monetary Fund till 1995.
economist private sector banker
After obtaining his Doctor of Philosophy, Doctor Patel joined the International Monetary Fund in 1990 worked on the United States of America, India, Bahamas and Myanmar desks at International Monetary Fund till 1995.
He was also Advisor of the Boston Consulting Group. As Deputy Governor of Reserve Bank of India, Doctor Patel looks after Monetary Policy, Economic Policy Research, Statistics and Information Management, Deposit Insurance, Communication and Right to Information. Doctor Patel obtained his Bachelor from the London School of Economics, Master of Philosophy degree from Oxford University in 1986.
He received his doctorate in Economics from Yale University in 1990.
He joined International Monetary Fund as a Kenyan citizen. He was at International Monetary Fund India desk during the 1991-1994 transition period.
He was posted to International Monetary Fund country mission in India 1992-1995. He has also been a non-resident Senior Fellow at the Brookings Institution since 2009.
Thereafter he went on deputation the International Monetary Fund to the Reserve Bank of India, where he played an advisory role in the development of the debt market, banking sector reforms, pension fund reforms, targeting of real exchange rate.
After the two-year deputation with Reserve Bank of India, Patel became a Consultant to the Government of India in the Ministry of Finance, Department of Economic Affairs - a position he held from 1998 to 2001. Between 2000 and 2004, Doctor Patel worked with several High Level Committees at both Central and State Government level, including Competition Commission, Task Force on Direct Taxes, Prime Minister’s Task Force on Infrastructure, Group of Ministers on Telecom Matters, Advisory Committee on Research Projects and Market Studies, Committee on Civil Aviation Reforms, Expert Group on State Electricity Boards and High Level Expert Group on Civil & Defence Services Pension System. On 11 January 2013, Urjit Patel was appointed as Deputy Governor of Reserve Bank of India for a period of three years.
He took over charge of the vital Monetary Policy Department, succeeding Subir Gokarn to the post.
Advisor, Boston Consulting Group
President, Reliance Industries Limited
Executive Director, Infrastructure Development Finance Company (1997-2006)
Member, Integrated Energy Policy Committee, Government of India (2004-2006)
Non-Executive Director, Gujarat State Petroleum Corporation Limited. Non-Executive Director, Multi Commodity Exchange of India Limited
When the Universal Postal Union Government in India came into power for a second term in 2009, it announced a ‘100 day’ action plan, which became a hot topic for media discussion.
Surprisingly, Urjit Patel was the expert commentator on Universal Postal Union"s first 100 days on Hindi News Channel, although he had no prior media exposure in India.