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Hours after being appointed as 24th Reserve Bank of India (RBI) Governor, Urjit Patel promised to give his best in the new role and live up to people's expectations. “Thank you everyone for your warm wishes! I will give my best to live up to the expectation of people”, Patel tweeted.
Thank you everyone for your warm wishes! I will give my best to live up to the expectation of people.
— Urjit Patel (@UrjitPatel_) August 20, 2016
Patel is the eighth RBI Deputy Governor to be promoted as the Central Bank chief.
Finance Minister Arun Jaitley on Saturday expressed confidence that Patel would contribute to India's economic development and successfully steer the Reserve Bank. “Congratulations to Urjit Patel on being appointed as Governor of RBI. I am sure he will successfully lead the Reserve Bank & contribute to India's economic development”, Jaitley tweeted.
Congratulations to @UrjitPatel_ on being appointed as Governor of RBI. 1/2
— Arun Jaitley (@arunjaitley) August 20, 2016
I'm sure he will successfully lead the Reserve Bank & contribute to India's economic development. 2/2
— Arun Jaitley (@arunjaitley) August 20, 2016
Meanwhile, Michael Patra, who is currently an Executive Director of RBI in charge of monetary policy, is being seen as frontrunner to succeed Patel as Deputy Governor.
Srivats.kr@thehindu.co.in
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