RBI Deputy Governor Viral Acharya quits 6 months before his term ends
Acharya submitted a letter to the RBI informing that due to 'unavoidable personal circumstances' he is unable to continue his term beyond July 23, 2019.
Acharya submitted a letter to the RBI informing that due to 'unavoidable personal circumstances' he is unable to continue his term beyond July 23, 2019.
That two economists of international eminence have found it impossible to serve as its governors under the current dispensation is self-revealing of the narrow straits into which India’s central bank is being forced into, which is far from edifying.
The meeting comes in the backdrop of surprise resignation by Urjit Patel earlier this week citing personal reasons.
The uncharacteristic spat between the mandarins of North Block in the Ministry of Finance (MoF) on the one hand and…
Earlier media reports claimed that RBI Governor Urjit Patel could resign at the central bank’s next board meeting on November 19.
Having arrogantly dismissed the government’s ignominious spat with the Reserve Bank of India, arguably the repository of the country’s financial…
Patel’s meetings at the PMO came days before the RBI’s crucial board meeting on November 19 during which contentious issues are likely to come up for discussion.
The Congress has accused Prime Minister Narendra Modi's government of being bent on 'snatching' the contingency reserves of the RBI.
Ahead of the November 19 meeting of RBI Board, Rajan said the objective of the board is to protect the institution and not serve others' interests.
Speculation has been mounting that RBI Governor Urjit Patel could quit his post. Though Patel is still in the chair, it hasn’t stopped chatter about his successor should he resign
