RBI Governor Urjit Patel quits and stuns government after truce
The Reserve Bank of India board meeting was scheduled in just 4 days. After a prolonged and bitter stand-off with the government, Urjit Patel, who took over as the RBI governor just before demonetisation, issued a statement late Monday afternoon announcing his resignation “effective immediately”. Urjit Patel was born in Kenya. He is 55-years-old. He became the first governor in the post-liberalisation era to quit before the end of his term. He said that it was “on account of personal reasons.” Most did not believe his explanation. Although a couple…
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