Money & Banking

Urjit Patel promises to live up to expectations

K R Srivats New Delhi | Updated on January 17, 2018 Published on August 21, 2016

File Photo of the new RBI Governor Urjit Patel   -  BusinessLine

Jaitley, Adhia send congratulatory tweets

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.

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.

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.

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Published on August 21, 2016
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