India

RBI Governor Urjit Patel Steps Down

By
OB Bureau

New Delhi: Reserve Bank of India (RBI) governor Urjit Patel on Monday resigned from his post with immediate effect, citing ‘personal reasons’.

“On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years. The support and hard work of RBI staff, officers and management has been the proximate driver of the Bank’s considerable accomplishments in recent years. I take this opportunity to express gratitude to my colleagues and Directors of the RBI Central Board, and wish them all the best for the future,” he said in a brief statement released by the RBI.

OB Bureau

Recent Posts

Temperature Soars Past 43°C At 15 Places In Odisha; Nor’wester Rain Brings Respite In Coastal Belt

Bhubaneswar: Amid gruelling heatwave sweeping across Odisha, at least the day temperature shot up to…

May 1, 2024

Elections 2024: Why Berhampur Is Key To Narendra Modi’s Odisha Plan?

Bhubaneswar: With a view to overcoming its weak spot in Odisha, the BJP seems to…

May 1, 2024

Covishield Side Effect: PIL In Supreme Court Seeks Setting Up Of Experts’ Panel To Study Risks

New Delhi: AstraZeneca’s recent admission in court documents that its COVID-19 vaccine Covishield has the…

May 1, 2024

Odisha Heatwave: No Respite Likely In May, IMD Predicts Below-Normal Rainfall

Bhubaneswar: Odisha has been experiencing a scorching summer, with extreme heatwave and unbearably high temperatures over…

May 1, 2024

S Jaishankar To Visit Cuttack Before PM Modi Hits The Campaign Trial In Odisha

Cuttack: Ahead of the first-round elections in Odisha, External Affairs Minister S Jaishankar will campaign…

May 1, 2024

Google CEO Sundar Pichai Nears Billionaire Status Amid Over 70,000 Tech Layoffs

New Delhi: Amid 70,000 tech layoffs including by major tech companies Google, Tesla, Apple, Intel…

May 1, 2024

Orange Alert: Thundershower, Hail & Strong Wind To Lash Bhubaneswar In 3 Hours

Bhubaneswar: The India Meteorological Department (IMD) on Wednesday issued orange warning for 6 districts of…

May 1, 2024

Thunderstorm, Gusty Wind To Lash Odisha Till May 5; Red Alert For Heatwave Continues

Bhubaneswar: Amid the prevailing heatwave conditions, Odisha is also likely to experience thunderstorm with lightning…

May 1, 2024