Age, Biography and Wiki
Urjit Patel (Urjit Ravindra Patel) was born on 28 October, 1963 in Nairobi, Kenya, is an Indian economist. Discover Urjit Patel's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 60 years old?
| Popular As |
Urjit Ravindra Patel |
| Occupation |
N/A |
| Age |
60 years old |
| Zodiac Sign |
Scorpio |
| Born |
28 October, 1963 |
| Birthday |
28 October |
| Birthplace |
Nairobi, Kenya |
| Nationality |
Kenya
|
We recommend you to check the complete list of Famous People born on 28 October.
He is a member of famous economist with the age 60 years old group.
Urjit Patel Height, Weight & Measurements
At 60 years old, Urjit Patel height not available right now. We will update Urjit Patel's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status |
| Height |
Not Available |
| Weight |
Not Available |
| Body Measurements |
Not Available |
| Eye Color |
Not Available |
| Hair Color |
Not Available |
Who Is Urjit Patel's Wife?
His wife is Kanan Patel
| Family |
| Parents |
Not Available |
| Wife |
Kanan Patel |
| Sibling |
Not Available |
| Children |
Not Available |
Urjit Patel Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Urjit Patel worth at the age of 60 years old? Urjit Patel’s income source is mostly from being a successful economist. He is from Kenya. We have estimated Urjit Patel's net worth, money, salary, income, and assets.
| Net Worth in 2024 |
$1 Million - $5 Million |
| Salary in 2024 |
Under Review |
| Net Worth in 2023 |
Pending |
| Salary in 2023 |
Under Review |
| House |
Not Available |
| Cars |
Not Available |
| Source of Income |
economist |
Urjit Patel Social Network
Timeline
Urjit Patel (born 28 October 1963) is an Indian economist, who formerly served as the 24th Governor of the Reserve Bank of India and also Deputy Governor of Reserve Bank of India, looking after monetary policy, economic research, financial markets, statistics and information management.
Urjit Patel was born in Nairobi on 28 October 1963 to Manjula and Ravindra Patel.
His grandfather had migrated from Mahudha village in Kheda district, Gujarat to Kenya in the 20th century.
His father ran Rexo Products Ltd, a chemical factory in Nairobi.
He studied in Nairobi at Jamhuri High School, and prior to that the Gujarati community-run Visa Oshwal Primary School.
He studied at the London School of Economics for a Bachelor of Science degree in 1984.
degree from University of Oxford in 1986.
He was conferred a Ph.D. in economics from Yale University in 1990.
After obtaining his Ph.D., Patel joined the International Monetary Fund (IMF) in 1990, where he worked on the US, India, Bahamas and Myanmar desks till 1995.
Thereafter he went on deputation from the IMF to the Reserve Bank of India (RBI), where he played an advisory role in the development of the debt market, banking sector reforms, pension fund reforms, and targeting of real exchange rate.
He was at IMF India Desk during the 1991–94 transition period.
Between 2000 and 2004, Patel worked with several High-Level Committees at both Central and State Government levels:
On 11 January 2013, 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 20 August 2016, he was appointed as the governor of Reserve Bank Of India (RBI).
During his tenure, the Government of India demonetised the ₹500 and ₹1000 banknotes of the Mahatma Gandhi Series, with the stated intention of curbing corruption, black money, fake currency and terrorism from 9 November 2016.
He resigned from his post on 10 December 2018, being the first RBI governor to state personal reasons as a driving factor for resigning.
Urjit currently serves as Chairman of National Institute of Public Finance and Policy, additional director of Britannia Industries and independent director of John Cockerill India.
On 10 December 2018 at 17:15 hrs IST, Urjit Patel resigned from the post of Governor of the Reserve Bank of India (RBI) effective immediately.
In June 2022, Patel was appointed as the Vice President for investment-operations for the Beijing-based Asian Infrastructure Investment Bank (AIIB), one of the leading multilateral banks in the world.
Although Patel cited personal reasons for resigning from RBI, experts have opined that he was forced to exit because of serious differences with the Government of India.
The latter wanted more money from RBI to balance its fiscal deficit, which Patel did not agree to, citing requirement for long-term financial stability.
In addition, there was a view in the government that RBI's stringent policies were hurting credit growth which may affect the economic growth of the nation in the future.
Chief Economic Advisor Arvind Subramanian said that while he respected the RBI’s decision, there was a “plausible alternative macroeconomic assessment” and that a monetary policy easing was required for economic growth.
There was also a growing perception that Patel had boxed himself into a corner by not communicating sufficiently with stakeholders or responding to market situation.
In August 2019 Nitin Gadkari fueled the controversy when he stated that he had advised the Union Finance Minister to remove the RBI Governor because the latter was inflexible and adamant.
However, on his departure, Prime Minister Narendra Modi and Finance Minister Arun Jaitley appreciated Patel for his work in RBI.
