Urjit R. Patel named Raghuram Rajan's successor at Reserve Bank

New Delhi, Aug 20 

Opting for talent within, the government on Saturday named economist and banker Urjit R. Patel the next Governor of the Reserve Bank of India (RBI) to succeed Raghuram R. Rajan.

Patel, 52, a Deputy Governor since January 2013, will take over as the 24th chief of India's central bank on September 4.