RBI Governor Urjit Patel resigns

RBI Governor Urjit Patel

New Delhi, Dec 10: Reserve Bank of India (RBI) Governor Urjit Patel on Monday resigned from his post citing personal reasons. 

“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 said in a statement.

Expressing gratitude, Patel also praised his staff, colleagues and management and wished them good luck.

“Support and hard work of RBI staff, officers & management has been proximate driver of Bank’s considerable accomplishments in recent years. I take this opportunity to express gratitude to my colleagues & Directors of RBI Central Board & wish them all the best for future”.

Reacting to Patel’s resignation, Prime Minister Narendra Modi tweeted “Dr Urjit Patel is an economist of a very high calibre with a deep&insightful understanding of macro-economic issues. He steered the banking system from chaos to order. He leaves behind a great legacy. We’ll miss him immensely”.

“Govt acknowledges with a deep sense of appreciation the services rendered by Dr Urjit Patel to this country, both in his capacity as Governor & Deputy Governor of RBI. I wish Dr Patel all the very best and many more years of public service”, Union Finance Minister Arun Jaitley said.


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