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RBI Governor Urjit Patel steps down from post with immediate effect

RBI Governor Urjit Patel steps down from post with immediate effect

Urjit Patel, Reserve Bank of India, RBI, RBI Governor, RBI Governor Urjit Patel, Apex Bank, Business newsPhoto of Reserve Bank of India (RBI) Governor Urjit Patel.

New Delhi: The Reserve Bank of India (RBI) Governor Urjit Patel, who had a run in with the government over autonomy of the central bank, Monday resigned from his post.

 

Urjit Patel, Reserve Bank of India, RBI, RBI Governor, RBI Governor Urjit Patel, Apex Bank, Business news

 

Reserve Bank of India (RBI) Governor Urjit Patel on Monday resigned from his post with immediate effect, citing “personal reasons”.

In a brief statement, Patel said he has decided to step down with immediate effect.

 

Governor of RBI, Urjit Patel resigns from his post for personal reason:

 

“On account of personal reasons, I have decided to step down from my current position effective immediately,” he said in a brief statement released by the RBI.

 

Urjit Patel, Reserve Bank of India, RBI, RBI Governor, RBI Governor Urjit Patel, Apex Bank, Business news

 

He, however, did not specify the reason for the decision.

Patel was appointed the 24th Governor of the RBI on September, 2016 for a three-year term.