New Delhi: In a surprise move, Urjit Patel, who had resigned as Reserve Bank of India (RBI) governor following differences with govt, has now been appointed as executive director at the International Monetary Fund (IMF) for a period of three years. The Appointments Committee of the Cabinet approved the appointment of Patel, who served as the 24th governor of the central bank. He has also served as vice president at the Asian Infrastructure Investment Bank in Beijing.Patel replaces Krishnamurthy Subramaniam at the IMF, who was terminated six months before his three year tenure was to end. Subramaniam’s tenure was cut short due to alleged impropriety linked to the sale of his book – India@100 Envisioning Tomorrow’s Economic Powerhouse – through a state-run bank.
