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RBI Deputy Governor resigns six months before the scheduled end

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The Deputy Governor of the Reserve Bank of India, Viral Acharya, has reportedly resigned six months before the scheduled end of his term in office.

He was appointed as one of the four deputy governors in December 2016, after Urjit Patel took over as the governor.

According to reports, Acharya is returning to New York University Stern School of Business in August instead of February next year.

The RBI had in December last year denied speculation about Acharya also leaving early after the then RBI Governor Urjit Patel stepped down.

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Patel stepped down as governor in December 2018 amid growing differences with the government over a range of subjects including the central bank’s autonomy.

Shaktikanta Das was appointed as the governor after Urjit Patel stepped down.

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