Why did Viral Acharya quit?
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Why did Viral Acharya quit?
Acharya quit in 2019, six months before the end of his term amid what he says was his growing frustration regarding RBI’s autonomy, joining the queue of notable exits from the central bank that was started by Rajan — with Patel following in his predecessor’s footsteps in late 2018.
Where is Viral Acharya now?
Stern School of Business
He is currently a professor at NYU’s Stern School of Business.
Which RBI governor has shortest tenure?
Amitav Ghosh
Holding office for over seven years, Sir Benegal Rama Rau was the longest-serving governor, while Amitav Ghosh’s 20-day term is the shortest….List of governors of the Reserve Bank of India.
| Governor of the Reserve Bank of India | |
|---|---|
| Term length | Three years |
| Constituting instrument | Reserve Bank of India Act, 1934 |
| Inaugural holder | Sir Osborne Smith (1935–1937) |
Who replaces Viral Acharya?
Michael Patra
Michael Patra appointed RBI Deputy Governor, replaces Viral Acharya.
Who recently resigned from RBI?
Modi’s reluctance to go after wilful bank defaulters the reason, he says. Congress leader Rahul Gandhi on Tuesday alleged that Prime Minister Narendra Modi’s reluctance to go after wilful bank defaulters led to the resignation of former Reserve Bank of India (RBI) Governor Urjit Patel.
Who replaced Viral Acharya?
The Centre on Tuesday appointed Michael Patra as the fourth deputy governor of the Reserve Bank of India for three years. Patra will replace Viral Acharya who stepped down on July 23, six months before the end of his three-year tenure as RBI deputy governor.
Who is RBI youngest deputy governor?
Reserve Bank of India.
WHO removes RBI governor?
(1) The Central Government may remove from office the Governor, or a Deputy Governor or any other Director or any member of a Local Board.