Former RBI governor Urjit Patel resigns as independent director of Britannia Industries Limited

The former Reserve Bank of India (RBI) Governor Urjit Patel has tendered his resignation from the post of non-executive and independent director of Britannia Industries Limited with effect from January 31, 2022. The reason behind stepping down is attendant time constraint, due to his full-time work assignment at AIIB, starting from February 01, 2022.

Patel was recently appointed vice president for investment operations in South Asia at the Beijing-based Asian Infrastructure Investment Bank (AIIB). His appointment is effective from 1 February, AIIB had said in a statement earlier this month. He was appointed on Britannia board in March 2021 for a period of 5 years.