Published On : Mon, Dec 5th, 2016

RBI Governor Urjit Patel earns Rs 2 lakh a month:


Mumbai: Reserve Bank of India Governor Urjit Patel gets a little over Rs 2 lakh as salary and has not been provided with any supporting staff at his residence, the central bank has said.

Patel, who took over as RBI governor in September, is presently in possession of the bank’s flat (Deputy Governor’s flat) at Mumbai, it said.

“No supporting staff has been provided to the present Governor, Urjit Patel at his residence. Two cars and two drivers have been provided to the present Governor,” RBI said in reply to an RTI query.

The bank was asked to provide details of remuneration given to former RBI Governor Raghuram Rajan and incumbent Patel.

For the month of October — the first full month Patel was in office as Governor — Patel got Rs 2.09 lakh as his salary, the same amount drawn by Rajan as his August’s salary.

Rajan demitted office on September 4, and was given Rs 27,933 as remuneration for four days.

Rajan assumed the charge of RBI Governor from September 5, 2013 at a monthly salary of Rs 1.69 lakh. His salary was revised to Rs 1.78 lakh and Rs 1.87 lakh respectively during 2014 and March 2015. His salary was hiked to Rs 2.09 lakh from Rs 2.04 lakh in January this year, the RTI reply said.