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Monday, December 10, 2018

Reserve Bank of India(RBI)Governor Urjit Patel Resigns Amid Rift with Govt, Cites Personal Reasons

Reserve Bank of India (RBI) governor Urjit Patel on Monday Dec 10,2018 stepped down from his post citing personal reasons. Patel's resignation comes days after Finance Minister Arun Jaitley’s scathing criticism of the central bank’s “lending spree”.

Patel, who cited “personal reasons” behind his decision, was in a conflict with the Union finance ministry over matters related to the bank's independence. ​

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