Former RBI Governor Urjit Patel Appointed as Vice President of Beijing-based AIIB

Former Reserve Bank of India (RBI) governor Urjit Patel has been appointed as a vice-president of the Asian Infrastructure Investment Bank (AIIB)for a period of 3 years, a Beijing-based multilateral development bank.

Mr Patel will be one of the five Vice Presidents of the AIIB. He is expected to take charge from February 2022. He will succeed outgoing Vice President D J Pandian, who is in charge of sovereign and non-sovereign lending of the AIIB in South Asia, the Pacific Islands and South-East Asia.