Urjit Patel, the governor of RBI has resigned from his post seeking his personal reasons. Speculations were made about a month ago that RBI Governor will soon resign from his post. Deputy Governor of RBI said during his speech about a month ago that RBI is not practicing any autonomic behavior. He added there is no such difference between RBI and Government of India on the basis of liquidity, the flow of currency and RBI control governing weak banks.
Read the statement offered by ex-RBI Governor –
“On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honor 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 have 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” – Urjit Patel