Urjit Patel reveals what made him abrupt exit as RBI Governor

Nearly two years after his resignation as the Governor of the Reserve Bank of India, Urjit Patel, in his book Overdraft—Saving the Indian Saver released on Friday, has said that attempts to dilute a new bankruptcy law caused disagreements between the Union government and the apex bank, leading to his resignation. Continue Reading

Year in review of Shaktikanta Das-led RBI

When the Narendra Modi government, stumped by the sudden resignation of Urjit Patel, parachuted retired bureaucrat Shaktikanta Das to RBI in December 2018, many expected a great lull in the public acrimony that marred the days of his academically more illustrious predecessors Patel and Raghuram Rajan. Continue Reading

Why did Urjit Patel resign?

The resignation came just days ahead of the 14 December meeting of the board of RBI that was to take up issues like governance in the central bank. Patel, who is the first Governor to resign since 1990s, cited personal reasons for the resignation. Continue Reading