New Delhi: Reserve Bank of India’s (RBI) Deputy Governor Viral Acharya resigned six months before the scheduled end of his term. He quit in order to return to New York University Stern School of Business (NYU stern) in August as CV Starr Professor of Economics.
The news was confirmed by the Reserve Bank of India after several publications reported it this morning.
“A few weeks ago, Dr. Acharya submitted a letter to the RBI informing that due to unavoidable personal circumstances, he is unable to continue his term as a Deputy Governor of the RBI beyond July 23, 2019,” the RBI wrote.
“Consequential action arising from his letter is under consideration of the Competent Authority,” the central bank added, without elaborating on whether it had accepted Acharya’s request to resign.
Noteworthy, Viral Acharya had joined RBI on January 23, 2017. There was speculation that he will follow the former Governor’s Urjit Patel footsteps and leave the central bank soon after the latter quit on December 10, 2018.
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