• Sunday, May 22, 2022

Business

Reserve Bank of India Governor Urjit Patel Quits

“On account of personal reasons, I have decided to step down from my current position effective immediately,” Patel said in a statement on the RBI website after financial markets had closed (Photo: Dhiraj Singh/Bloomberg via Getty Images).

By: Radhakrishna N S

  RESERVE Bank of India (RBI) governor Urjit Patel resigned for “personal reasons” on Monday (10), a decision analysts linked to intense pressure on the central bank from the government to ease regulatory curbs. “On account of personal reasons, I have decided to step down from my current position effective immediately,” Patel said in a statement on the RBI website after financial markets had closed. Analysts and market watchers said the recent dispute between the RBI and the government could have been a major factor in Patel’s decision to resign. “Quite clearly the resignation of Urjit Patel shows that nothing has changed,” Yashwant…

You do not have access to this content. You need to subscribe.

Eastern Eye

Related Stories

Eastern Eye

Videos

Mrunal Thakur on Dhamaka, experience of working with Kartik Aaryan,…
Nushrratt Bharuccha on Chhorii, pressure of comparison with Lapachhapi, upcoming…
Abhimanyu Dassani on Meenakshi Sundareshwar, how his mom Bhagyashree reacted…