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RBI Governor Urjit Patel steps down

By Newsd
Updated on :

Urjit Patel, the Governor of Reserve Bank of India has given his resignation from the post on Monday December 10. Patel said he was resigning on the account of 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,” he said.

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

Patel was appointed the 24th Governor of the RBI in September, 2016 for a three-year term. His tenure was due to end in September next year.