Urjit Patel takes charge as RBI governor

Mumbai: Urjit Patel has taken charge as Governor of the Reserve Bank of India (RBI), an official statement said here on Monday. "Urjit R. Patel assumed charge as the twenty-fourth Governor of the Reserve Bank of India effective September 4, 2016 after serving as Deputy Governor since January 2013," the RBI statement said. Patel, who has been given a three-year term, succeeds Raghuram Rajan, whose three-year term ended on Sunday.(IANS)