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Reserve Bank of India governor Urjit Patel resigns

Reserve Bank of India governor Urjit Patel resigns

India Blooms News Service | @indiablooms | 10 Dec 2018, 05:44 pm

New Delhi, Dec 10 (IBNS): In a major development, Urjit Patel on Monday quit as the Governor of the Reserve Bank of India.

Patel has cited 'personal reasons' as the cause behind taking the decision.

"On account of personal reasons, I have decided to step down from my current position effective immediately," Patel said in a statement.

"It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years," he said.

"The support and hard work of RBI staff, officers and management has been the proximate driver of the Bank’s considerable accomplishments in recent years. I take this opportunity to express gratitude to my colleagues and Directors of the RBI Central Board, and wish them all the best for the future," the Governor said.

Patel resigned from his position just days after the RBI board meeting was held.

The meeting was held amid reports of a rift with the Central government.

Reports had emerged that the government had proposed a few changes with which the Centre would be able to strictly supervise the RBI.

 

 

Reserve Bank of India governor Urjit Patel resigns

India Blooms News Service
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