March 29, 2024 06:49 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi has mastered art of manipulating democracy, hurting Constitution: Mallikarjun Kharge | Mafia-turned-politician Mukhtar Ansari dies of cardiac arrest at 63 | NIA arrests key conspirator in Bengaluru cafe blast case | Actor Govinda returns to politics after 14 years of 'vanvas', joins Eknath Shinde camp | 'To browbeat and bully others is vintage Congress culture': PM posts after 600 lawyers write to CJI
Finance Minister Arun Jaitley appreciates Urjit Patel's service as RBI Governor

Finance Minister Arun Jaitley appreciates Urjit Patel's service as RBI Governor

India Blooms News Service | @indiablooms | 10 Dec 2018, 12:53 pm

New Delhi, Dec 10 (IBNS): Union Finance Minister Arun Jaitley on Monday appreciated Urjit Patel's service as the Governor of the Reserve Bank of India. Patel resinged from his position today triggering many speculations. 

Patel resigned from his position on Monday.

Appreciating Patel's tenure, Jaitley tweeted: "The Government acknowledges with deep sense of appreciation the services rendered by Dr. Urjit Patel to this country both in his capacity as the Governor and the Deputy Governor of The RBI. It was a pleasure for me to deal with him and benefit from his scholarship. (1/2)."

"I wish Dr. Patel all the very best and many more years of public service. (2/2)," he said.

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.

 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.