Urjit Patel Steps Down as RBI Governor, Cites Personal Reasons

[Kool_SRG]

New Delhi: Days after the deadlock with the Centre over a range of issues, Urjit Patel stepped down as the Governor of the Reserve Bank of India (RBI) on Tuesday, according to media reports.

Patel tendered his resignation 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,” 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.

Notably, tensions between the RBI and the government have recently, with the Finance Ministry initiating discussion under the never-used-before Section 7 of the RBI Act which empowers the government to issue directions to the RBI Governor.

However, it was reported the central bank and the government have reached a common ground on several issues to bring the standoff to an end.

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

[Kool_SRG]

@Mitron

 

[Kool_SRG]

Personal reasons annadate some thing ayyindi back ground lo...

[AppatloBhutto]

Already mentioned kada Govt rbi vyavaharaallo doori kampu chestunte inka atanu em cheyagaladu...

 

[BaabuBangaram]

nifty all set to see 4 digit tomorrow....solid 300 points down avuthadhi..eeroje 200 points down

[Mitron]

5 minutes ago, Kool_SRG said:

@Mitron

 

2 weeks late chesadu

But 

[BaabuBangaram]

emina clause vunte adhi use chesi modi ni RBI governor cheseyandi...inka next resign cheyakunda vundadaniki

[Kool_SRG]

Full  text of statement by Governor

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.

Urjit R. Patel

10th December 2018

[aakathaai]

1 hour ago, Kool_SRG said:

Personal reasons annadate some thing ayyindi back ground lo...

govt pressure ayyundachu central govt RBI matter lo padhe padhe fingering pettadam might be head ache emo

[Kool_SRG]

1 minute ago, aakathaai said:

govt pressure ayyundachu central govt RBI matter lo padhe padhe fingering pettadam might be head ache emo

Possible..

[Kool_SRG]

@aakathaai   prayanam and darsanam ela jarigindi...

[Raasko]

1 hour ago, BaabuBangaram said:

emina clause vunte adhi use chesi modi ni RBI governor cheseyandi...inka next resign cheyakunda vundadaniki

correst....idey best solution....

PM, FM, RBI Gov all @Mitron

[aakathaai]

3 minutes ago, Kool_SRG said:

@aakathaai   prayanam and darsanam ela jarigindi...

bhrammanda naayakudi darsanam brhamandam ga jarigindi annaai nadaka daari lo vellaa prakruthi ramaneeyatha ni dharsinchanu swami vaari darsana bhagyam chala chakkaga jarigindi 

return lo doronto express dhada dhadalaadinchaadu 

[Kool_SRG]

2 minutes ago, aakathaai said:

bhrammanda naayakudi darsanam brhamandam ga jarigindi annaai nadaka daari lo vellaa prakruthi ramaneeyatha ni dharsinchanu swami vaari darsana bhagyam chala chakkaga jarigindi 

return lo doronto express dhada dhadalaadinchaadu 

[Raasko]

3 minutes ago, aakathaai said:

bhrammanda naayakudi darsanam brhamandam ga jarigindi annaai nadaka daari lo vellaa prakruthi ramaneeyatha ni dharsinchanu swami vaari darsana bhagyam chala chakkaga jarigindi 

return lo doronto express dhada dhadalaadinchaadu 

uttutti kaburleynaa ? ladlu emainaa techaavaa ?