(MENAFN- NewsBytes)
#Breaking: Urjit Patel steps down as Governor of RBI
10 Dec 2018
Reserve Bank of India Governor, Urjit Patel, has reportedly stepped down from the position with immediate effect.
While the reasons for his resignation are still not clear, news agency ANI tweeted that Patel has taken the decision on account of his personal reasons.
He was appointed as the 24th Governor of the RBI in September 2016.
Here's more.
Here's what Urjit Patel said about his resignation
Fact
"On account of personal reasons, I have decided to step down from my current position (RBI Governor) effective immediately. It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years," Patel was quoted as saying.
Urjit Patel's tenure was to end next year
Details
"Support & hard work of RBI staff, officers & management has been proximate driver of Bank's considerable accomplishments in recent years," Patel said, according to ANI's tweet.
He has also expressed gratitude to his colleagues and the RBI Central Board Directors while announcing his shock resignation.
Patel's tenure as the RBI Governor was supposed to end in September next year.
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