Urjit Patel is also likely to share his predecessor’s good reputation among investors. Photo: MintMumbai: India’s incoming central bank governor, Urjit Patel, is widely regarded as having the professional and academic credentials he needs to make a success of his new job. Within the RBI, however, Patel is widely viewed as a solitary and at times temperamental figure. He will have to seek consensus with five other members of the RBI’s new monetary policy committee. “(Patel) is extremely sensitive and pragmatic about not upsetting the government,” said another senior RBI official who works with him.

Source: Mint August 21, 2016 05:03 UTC