Update 11:57 am: Viral Acharya confirmed his departure from the RBI six months before his term ends 'due to unavoidable personal reasons', in an email to MediaNama. His last day at the RBI will be on July 23, 2019. He expects to be at New York University's Stern School of Business in Fall 2019. The RBI's deputy governor Viral Acharya has resigned six months before the scheduled end of his term, Business Standard reported (paywall). He had joined the central bank on January 23, 2017, for a three-year term, and was the RBI’s youngest deputy governor post-economic liberalisation. Acharya had resigned a few weeks before the last meeting of the RBI’s monetary policy committee earlier this month, per the report. MediaNama has reached out to the RBI for confirmation. Acharya’s last day in office will reportedly be a few days before the end of July. He will resume his position as the C.V. Starr Professor of Economics at the New York University’s Stern School of Business in August 2019, instead of the scheduled February 2020. Potential successors? The senior most deputy governor, N.S. Vishwanathan, whose term is scheduled to end in the first week of July, is likely to stay back. Although it is not clear who Acharya’s successor would be, Sanjeev Sanyal, principal economic advisor in the Ministry of Finance, and Michael Patra, the executive director of the RBI and a member of the MPC, are two names doing the rounds. Under the RBI Act, RBI can have up to…
RBI Deputy Governor Viral Acharya confirms resignation, cites ‘personal reasons’, last working day July 23
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