RBI Governor Urjit Patel stepped down Monday citing personal reasons, but was earlier in a conflict with Union finance ministry related to monetary policy.
Patel said, “On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honor to serve in the Reserve Bank of India in various capacities over the years.”
Meanwhile, it is learned news of Patel’s resignation was already doing rounds in Delhi.
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