RBI Deputy Governor Viral Acharya resigns
He has quit six months before the end of his term
Mumbai: The Reserve Bank of India (RBI) Deputy Governor Viral Acharya has quit six months before the end of his term, sources said on Monday.
Acharya had joined as the RBI Deputy Governor in January 2017. The RBI did not respond to queries on this regard. Acharya is the second top RBI official to quit after Governor Urijit Patel.
In December, governor Patel resigned nearly nine months before the end of his scheduled term over differences with the government.
Acharya had joined the central bank on January 23 last year after Patel was elevated to the post of governor in September 2016.
The RBI is now left with three deputy governors N S Vishwanathan, B P Kanungo and M K Jain.
Acharya, a New York University economics professor who once called himself the 'poor man's Raghuram Rajan', was appointed for three years.
He took over at a time when the central bank was facing criticism for repeated changes in the rules related to deposit and withdrawal of money, post-demonetisation.