Indian governor resigns after conflict with government

Former RBI governor Urjit Patel
Urjit Patel is leaving the Reserve Bank of India

The Reserve Bank of India’s governor resigned his post nearly a year early today (December 10), after several years of increasingly public conflict with the country’s government.

Urjit Patel is the first RBI governor ever to have resigned before his term was over. He was due to end his first three-year term as RBI governor in September 2019. His predecessor as RBI governor, Raghuram Rajan, said that Patel’s resignation should concern “all Indians”.

Patel said in a statement that he had

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.