RBI Deputy Governor Viral Acharya
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RBI Dy Governor Viral Acharya resigns 6 months ahead of his tenure

RBI Reserve Bank of India Deputy Governor Viral Acharya has resigned 6 months ahead of the scheduled end of his term to return to New York University Stern School of Business (NYU stern) in August as CV Starr Professor of Economics.

A few weeks ago, Dr Acharya gave a letter to the RBI stating that due to unavoidable personal circumstances, he is unable to continue his term as a Deputy Governor of the RBI beyond July 23, 2019

Viral joined RBI on January 23, 2017. There was speculation that he will follow the former Governor’s Urjit Patel footsteps and leave the central bank soon after the latter resigned on December 10, 2018.

In his two-and-a-half-year stint at RBI, Acharya voiced his opinions on critical matters and stood his ground especially when it came to central bank independence.