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Reserve Bank of India Governor Urjit Patel resigns

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. The support and hard work of RBI staff, officers and management has been the proximate driver....

Sakshi Chaturvedi

Sakshi ChaturvediBy Sakshi Chaturvedi

Published on 10 Dec 2018 12:00 PM GMT

Reserve Bank of India Governor Urjit Patel resigns
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New Delhi: Governor of Reserve Bank of India Urjit Patel resigned from his post. Patel said that he is resigning because of some personal reasons.

Patel is the first since 1990 to step down before his term ends. His three-year term was to end in September 2019.

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He said, "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. 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."

Patel was appointed the 24th Governor of the RBI on September, 2016 for a three-year term.

Sakshi Chaturvedi

Sakshi Chaturvedi

A journalist, presently working as a Sub-Editor at newstrack.com.

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