RBI says deputy governor Patel to head monetary policy dept
MUMBAI (Reuters) - The Reserve Bank of India said on Monday that newly appointed Deputy Governor Urjit Patel will look after the bank's monetary policy department and financial markets among other functions.
Earlier in the day, the central bank said Patel has taken over as a deputy governor in a three-year tenure.
Patel will also look after the departments of economic policy and research, communication and statistics and information management among others, the RBI said in a statement.
Patel replaced Subir Gokarn, who headed the monetary policy department and whose term as a deputy governor ended on December 31. (Reporting by Shamik Paul; Editing by John Stonestreet)
- Tweet this
- Share this
- Digg this
Trending On Reuters
India has formally adopted inflation targeting, a historic monetary policy overhaul that marks a victory for Reserve Bank of India Governor Raguram Rajan, as the government makes subduing chronically volatile prices a priority. Full Article | Factbox