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Britannia appoints ex- RBI Governor Urjit Patel as Additional Director

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Britannia appoints ex- RBI Governor Urjit Patel as Additional Director

Britannia Industries has appointed Ex- Reserve Bank of India (RBI) Governor Urjit Patel as an Additional Director for a period of five years, starting from March 31, 2021.

The company said in filing to exchange, “The Board of Directors of the Company at their meeting held today 31st March, 2021, approved the appointment of Dr. Urjit Patel, as an Additional Director of the Company”

Urjit Patel was the 24th Governor of the Reserve Bank of India and held the position for a short period of tenure from September 2016 to December 2018. He had succeeded Raghuram Rajan. Prior to becoming the governor, he was a deputy governor when Rajan was the governor. Urjit Patel is succeeded by present governor Shaktikanta Das.

Currently, Urjit Patel is the chairman of the governing body of the National Institute of Public Finance and Policy. He is also on the Investment Advisory Committee of the Army Group Insurance.

Before joining public service, he worked in the private sector for 15 years. Urjit has served with International Monetary Fund (IMF) India Desk during the 1991–94 transition period.

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