Mumbai: In a significant development, Viral Acharya, Reserve Bank of India’s (RBI’s) youngest deputy governor post-economic liberalisation, has resigned six months before the scheduled end of his term.
People familiar with the development said he had put in his papers a few weeks before the last meeting of the RBI’s monetary policy committee (MPC) early this month.
Viral Acharya is returning to the New York University Stern School of Business as an Economics professor in August, the Business Standard newspaper reported. The 45-year-old’s term was scheduled to end in February next.
Mr Patel stepped down as governor in December 2018 amid growing differences with the government over a range of subjects including the central bank’s autonomy. Shaktikanta Das was appointed governor shortly after Mr Patel quit.