Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusiness

Great Eastern Shipping appoints former RBI Governor Urjit Patel as additional director

Before serving as the governor of the central bank, Patel was the deputy governor in charge of monetary policy.

July 30, 2020 / 10:23 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Great Eastern Shipping Company Ltd on Thursday said its board has appointed former RBI Governor Urjit Patel as an additional and independent director for a term of five years. Patel served as the 24th governor of the Reserve Bank of India from September 2016 to December 2018.

"The Board has appointed Urjit Patel as an Additional and Independent Director of the Company for a term of 5 years w.e.f. August 01, 2020...We hereby affirm that Urjit Patel is not debarred from holding the office of Director by virtue of any Securities and Exchange Board of India order or any other such authority," GE Shipping said in a regulatory filing to the BSE.

It added that Patel is not related to any director of the company.

Before serving as the governor of the central bank, Patel was the deputy governor in charge of monetary policy.

"Patel has been appointed Chairman of the Governing Body of the National Institute of Public Finance and Policy. He serves on the Investment Advisory Committee of the Army Group Insurance," GE Shipping said, providing a brief profile of Patel.

"Prior to public service he had worked in the private sector for about fifteen years, viz, Reliance Industries and Infrastructure Development Finance Company," it added.

Patel started his professional career at the International Monetary Fund (IMF). He has also been a consultant to the Ministry of Finance, Government of India.

He was a Nonresident Senior Fellow at The Brookings Institution, Washington, DC and has served on numerous official task forces and high-level committees, it added.

PTI
first published: Jul 30, 2020 10:23 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347