Urjit Patel

RBI chief Urjit Patel resigns: 6 areas of conflict with government

Urjit Patel’s surprise resignation, which he said was effective immediately, is likely to give the board more leeway to push through its demands as Prime Minister Narendra Modi tries to boost the economy before a national election due by May.

A protracted tiff between the Indian government and the Reserve Bank of India (RBI) climaxed on Monday when central bank governor Urjit Patel resigned, days before a board meeting where he would have faced intense pressure.

wiki                         source

Leave a Comment