RBI governor wanted to step down months before resignation: Modi




Dhiraj Singh | Bloomberg | Getty Images

Urjit Patel gestures as he speaks throughout a information convention in Mumbai, India, on Wednesday, Dec. 7, 2016.

Former Reserve Bank of India governor Urjit Patel had personally written to Indian Prime Minister Narendra Modi about wanting to resign, citing private causes, a number of months before stepping down from the workplace in December, Modi stated in an interview with Reuters companion ANI.

“The governor himself requested (to resign) because of personal reasons. I am revealing for the first time, he was telling me about this for the past 6-7 months before his resignation. He gave it even in writing. He wrote to me personally,” Modi advised ANI in an interview on Tuesday.

Patel resigned after a months-long tussle over coverage with the federal government that raised issues in regards to the financial institution’s independence as the following basic election nears.

When requested if there was any political stress on the governor to resign, Modi denied that was the case.

“No such question arises. I acknowledge that Patel did a good job as RBI Governor.”




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