India, Aug. 29 -- India has approved the appointment of former RBI governor Urjit Patel as executive director at the International Monetary Fund for a period of three years.

Patel replaces KV Subramanian, a former chief economic advisor, whose IMF tenure was terminated six months ahead of schedule on 30 April 2025.

"The Appointments Committee of the Cabinet has approved the appointment of Urjit Patel, economist and former RBI governor, to the post of Executive Director at the IMF, for a period of three years with effect from the date of assumption of charge of the post, or until further orders," according to a government order dated 28 August 28.

IMF's executive board, of which Patel would now be a member, is composed of 25 directors, ...