Overview

• An official order from the Department of Personnel and Training states the Appointments Committee of the Cabinet has cleared Patel’s posting for three years, effective from the date he assumes charge.
• Patel will represent India on the IMF Executive Board, which oversees the Fund’s day-to-day operations and key policy decisions.
• He served as the 24th Reserve Bank of India governor from September 2016 to December 2018, resigning for personal reasons after the shortest tenure since 1992.
• He earlier served as RBI deputy governor with responsibilities spanning monetary policy, economic research, statistics and information management, deposit insurance, communication and Right to Information.
• His career includes consultancy at the Finance Ministry from 1998 to 2001, roles with Reliance Industries, IDFC, MCX and Gujarat State Petroleum Corporation, and economics degrees from Yale, Oxford and the University of London.