RBI Governor Urjit Patel stepped down on Monday (with immediate effect) from his post citing personal reasons; a day before the results of Assembly elections in the five states. A board meeting of the central bank was slated for 14 December. He is the first RBI governor since 1990 to have quit while serving his term. The development is seen in the backdrop of months long standoff between the Central Bank and the Govt at Centre. 
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Urjit Patel: First RBI Guv since 1990 to quit
By IndianMandarins - 2018-12-10 18:04:43
RBI Governor Urjit Patel stepped down on Monday (with immediate effect) from his post citing personal reasons; a day before the results of Assembly elections in the five states. A board meeting of the central bank was slated for 14 December.
He is the first RBI governor since 1990 to have quit while serving his term.
The development is seen in the backdrop of months long standoff between the Central Bank and the Govt at Centre.
