CURRENT AFFAIRS

Detailed explanation-1: -Former Reserve Bank of India (RBI) governor Urjit Patel has resigned from the post of non-executive and independent director of Britannia Industries Limited, citing a full-time work assignment starting next month. “It has been a pleasure to have been a part of the Board of the Company.

Detailed explanation-2: -Dr Urjit R. Patel served as the 24th governor of the Reserve Bank of India (RBI) between September 2016 and December 2018. Born on October 28, 1963, Patel’s tenure had seen the demonetisation, among other things. Patel resigned from the post citing personal reasons, the first governor to do so.

Detailed explanation-3: -Former Reserve Bank of India (RBI) Governor Urjit Patel has resigned from the post of non-executive and independent Director of Britannia Industries Limited. His appointment was for a period of five years, which would have ended in 2026.

Detailed explanation-4: -Urjit Patel is currently the chairman of the National Institute of Public Finance and Policy. He had taken over as the 24th Governor of the Reserve Bank of India (RBI) succeeding Raghuram Rajan in September 2016 and was with RBI till December 2018.

Detailed explanation-5: -Urjit Patel has authored a Book named ‘Overdraft: Saving the Indian Saver’. This book focuses on the issue of Non-Performing Assets that have affected Indian banking in some past years and its effects. The book has been published by HarperCollins India.