Britannia has appointed former Reserve Bank chairman Urjit Patel as additional director. The board of directors of the company has given its approval. He will serve as Executive and Independent Director of the Company from March 31, 2021. He will remain in the post for the next five years, ie 30 March 2021. However, the shareholders of the company are still not allowed
According to the company, Drs. Urjit Patel meets the provisions of the Companies Act 2013 and the Standards of Standards under SEBI (LODR) Regulations 2015. Earlier, Urjit Patel was the governor of RBI.
His four-year tenure as RBI Governor began in September 2016 but he resigned from his post in December 2018 due to personal reasons. The demonetization decision was taken when Urjit Patel was the RBI governor.
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