RBI Deputy Governor Viral V Acharya has resigned from his post, six months before the scheduled end of his term, say sources. They added that he was not expecting his term to be renewed in any case.
RBI Deputy Governor Viral V Acharya has resigned from his post, six months before the scheduled end of his term, say sources. They added that he was not expecting his term to be renewed in any case.
Acharya joined the central bank in January 2017 and was RBI’s youngest deputy governor, post economic liberalisation. Acharya will be returning to New York University as CV Starr Professor of Economics.
Considered to be an expert in credit risk, Acharya recently had a difference of opinion with Reserve Bank Governor Shaktikanta Das in the monetary policy announced on April 4, according to minutes released by the bank. While Das argued in favour of focussing on economic growth with a repo rate cut, Deputy Governor Viral Acharya cautioned on another rate cut in the wake of high inflation excluding food and fuel. The six-member Monetary Policy Committee (MPC) decided to reduce the policy repo rate by 25 basis points to 6 per cent in a 4-2 majority decision.
Acharya joined the central bank in January 2017 and was RBI’s youngest deputy governor, post economic liberalisation. Acharya will be returning to New York University as CV Starr Professor of Economics.
Considered to be an expert in credit risk, Acharya recently had a difference of opinion with Reserve Bank Governor Shaktikanta Das in the monetary policy announced on April 4, according to minutes released by the bank. While Das argued in favour of focussing on economic growth with a repo rate cut, Deputy Governor Viral Acharya cautioned on another rate cut in the wake of high inflation excluding food and fuel. The six-member Monetary Policy Committee (MPC) decided to reduce the policy repo rate by 25 basis points to 6 per cent in a 4-2 majority decision.