- Friday, April 26, 2024
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…
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