Viral Acharya quits as RBI Deputy Governor six months before end of his term
Reserve Bank of India Deputy Governor Viral Acharya has resigned from his position six months before the end of his term, according to sources in the central bank.…
His departure is significant as it comes just a little more than six months after the resignation of Urjit Patel from the post of RBI Governor. It is also perhaps significant that Mr. Patel resigned shortly before the Bimal Jalan committee is to submit its report on whether RBI reserves could be transferred to the Centre or not.
In October last, Mr. Acharya created a controversy by strongly alluding to the encroachment on autonomy of the central bank by the government. One of the tension points he highlighted was the treatment of the RBI reserves.…
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