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Change of guard at RBI: Urjit Patel’s tenure begins: -

In a low-key affair, Urjit Patel has begun his innings as Reserve Bank’s new Governor with a private off-media ‘handover’ ceremony on September 06 — a marked departure from his predecessor Raghuram Rajan announcing big-bang reforms on his first day itself three years ago. Traditionally, the handover of charge by the outgoing Governor to the new head of the central bank has been a public affair and has in the past taken place in front of media cameras. This was also the case when Rajan took over from his predecessor D Subbarao.

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