New Delhi, Dec 10: Reserve Bank of India Governor Urjit Patel stepped down from his current position. Patel cites personnel reason.
Prime Minister Narendra Modi said in his tweet,
Last month, the bank's board met for more than nine hours in Mumbai that ended on a conciliatory note, with the central bank agreeing to set up a panel on sharing surplus reserves and restructure loans of small businesses up to Rs. 25 crores.
The RBI announced that it would inject Rs. 8,000 worth of liquidity into the system through open market operations on November 22.