Viral Acharya Resigns: RBI’s deputy governor quits six months before his term ends

The Reserve Bank of India has faced major setback. In fact, the deputy governor of the central bank, Viral Acharya, has resigned from his post. This is the second time within 7 months when a senior RBI official has left his post before the completion of the term. Earlier, RBI governor Urjit Patel resigned from his Governor post stating for personal reasons in December.

The important thing is that Deputy Governor Viral Acharya has left his post about six months before the completion of his term. Viral Acharya was among the big officials of RBI who were considered part of Urjit Patel’s team.

According to the media report, Viral Acharya will now join Professor at the New York University’s Saturn School of Business. Let us know that Acharya had joined the RBI as Deputy Governor for the three years on January 23, 2017. Accordingly, he has been working for the central bank for nearly 30 months.

Viral Acharya Biography

Born : March 1, 1974 (age 45)
Nationality : Indian
In RBI office : January 20, 2017 – 24 June 2019

viral acharya resigned

Viral Acharya Education

Viral Acharya was graduated from the Indian Institute of Technology Bombay in 1995 with a Bachelor of Technology degree in Computer Science and Engineering. He’s received President of India Gold Medal for attaining the highest grade point.

This is to inform you that On 28 December 2016, Viral Acharya was appointed by the Central Government of India as Deputy Governor of the Reserve Bank of India (RBI) for a period of three years,starting on 20 January 2017.

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Viral Acharya not agree with the decisions of new Governor!

For the past few months, the deputy governor, Viral Acharya, was keeping separate views of the new governor of the RBI, particularly on Das’s decision. According to the media report, the views of the Viral Acharya were different on the issues of inflation and growth rate in the last two monitoring policies.

According to the report, even during the recent Monitoring Policy meeting, Viral Acharya did not agree on the views of the governor’s views on fiscal deficit.

Third Largest Resignation in Modi Government

In the first tenure of the Modi government, Urjit Patel’s resignation was become talk of town. Earlier, Arvind Subramanyam had resigned from the post of Chief Economic Advisor in July 2018 for personal reasons. At the same time, Arvind Pangariya, who was the Deputy Chairman of the Policy Commission in August 2017, left the post.

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