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Media reports of RBI Deputy Governor’s resignation incorrect: RBI

Media reports of RBI Deputy Governor’s resignation incorrect: RBI

RBI Deputy Governor, Reserve Bank of India (RBI) spokesperson on Monday released a statement saying that the media reports of RBI Deputy Governor Viral Acharya’s resignation are incorrect. The reports of Acharya’s resignation began doing rounds on the internet after RBI Governor Urjit Patel quit from his post citing “personal reasons”. Patel’s term as RBI Governor was to end in September 2019.

RBI Deputy Governor

Urjit Patel said he was resigning due to personal reasons and Prime Minister Narendra Modi and Finance Minister Arun Jaitley both paid rich tributes to the departing Patel.

Patel, in his resignation announcement, said that he was resigning with immediate effect “on account of personal reasons”. Patel said that it was a “privilege and honour” to serve the Reserve Bank of India. “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,” Patel said.

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