Former RBI Governor Urjit Patel appointed as AIIB Vice-Chairman

Former RBI Governor Urjit Patel appointed as AIIB Vice-Chairman

Daily Current Affairs   /   Former RBI Governor Urjit Patel appointed as AIIB Vice-Chairman

Change Language English Hindi

Category : Appointment/Resignation Published on: January 11 2022

Share on facebook
  • Former Reserve Bank governor (24th) Urjit Patel has been appointed as the vice-chairman of the multinational financial institution Asian Infrastructure Investment Bank (AIIB).
  • AIIB Bank is headquartered in Beijing city of China. India is a founding member of AIIB. India has its second highest voting rights after China.
  • AIIB is headed by former Finance Minister of China Jin Liqun.
  • Mr Patel, 58, will be one of the five Vice Presidents of the AIIB with a three-year tenure. He is expected to take over his posting next month.
  • 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.

Important Takeaways

About AIIB

  • AIIB: Asian Infrastructure Investment Bank
  • The Asian Infrastructure Investment Bank (AIIB) is an international development bank focused on improving Asia's economic and social outcomes. The bank now has 104 members, with 17 new members on the way from all across the world.
  • Formation: 16 January 2016
  • President: Jin Liqun
Recent Post's

  • IIT Jodhpur is developing flexible semiconductor sensors using OECT technology for real-time health monitoring and defense applications.

    Read More....

  • The Ministry of Ayush launched the “Yoga 365” initiative to encourage daily yoga practice through digital platforms and guided sessions.

    Read More....

  • India will host the 2028 World Indoor Athletics Championships for the first time at the Kalinga Stadium in Bhubaneswar, Odisha.

    Read More....

  • Pune will host ‘Gau-Tech 2026’ to showcase innovations in cow-based industries and promote the rural economy and organic farming.

    Read More....

  • The Indian government launched the RELIEF scheme with a ₹497 crore outlay to support exporters facing high logistics and insurance costs.

    Read More....

  • The 2026 Hurun Report highlights a record 150 self-made women billionaires globally, driven largely by the AI and semiconductor sectors.

    Read More....

  • Tamil Nadu has become India’s top textile exporter for 2024-25, contributing nearly 22% to the country’s total textile trade.

    Read More....

  • Wipro has launched an AI-powered fintech hub at GIFT City, Gandhinagar, to provide advanced financial solutions for global BFSI clients.

    Read More....

  • The 110th NPG meeting approved six major infrastructure projects across rail, metro, and road sectors under the PM GatiShakti plan.

    Read More....

  • India and Bhutan signed a landmark MoU to integrate UPI with the UPU system for efficient cross-border postal remittances.

    Read More....