The Reserve Bank of India’s Viral Acharya has stepped down six months before his term was due to end, in a sign that tensions are still running high in the senior ranks of the central bank.
The deputy governor will leave his post on July 23. The RBI said in a short statement that Acharya was leaving due to “unavoidable personal circumstances”. The search is on for a successor.
The professor of economics, who was on leave from NYU Stern during his time at the RBI, made a name for himself as an