URJIT PATEL RESIGNS AS RBI GOVERNOR
Mr Urjit Patel, on December 10, 2018 (4 days before the RBI meeting), resigned as RBI Governor stating the following in his statement:
“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.”
Mr Arun Jaitley, Hon’ble Minister of Finance and Corporate Affairs, tweeted today that “The Government acknowledges with deep sense of appreciation the services rendered by Dr. Urjit Patel to this country both in his capacity as the Governor and the Deputy Governor of The RBI. It was a pleasure for me to deal with him and benefit from his scholarship”.