Mumbai : In an shocking move RBI governor Urjit Patel resigned from his position citing personal reason.
In an statement he stated that “On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years.”
On 20 August 2016, he was appointed as the governor of Reserve Bank Of India (RBI) succeeding Raghuram Rajan.
Patel served as 24th Governer of Reserve Bank Of India, prior to this he was RBI deputy Governer were he looked after monetary policy, economic policy research, statistics and information management, deposit insurance, communication and Right to Information.
“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” statement further added.