RBI Dy Governor Viral Acharya, who brought to light differences with govt, quits

Viral Acharya, the RBI Deputy Governor who had in October last year brought to light tensions with the government over independence of the central bank, has resigned six months before the scheduled end of his term in the office.

Acharya, 45, who was the only Deputy Governor of Reserve Bank on the six-member interest rate-setting monetary policy committee, resigned from his position "a few weeks" back citing "unavoidable personal circumstances", the Reserve Bank of India (RBI) said in a brief statement.

In his resignation, he expressed inability to continue beyond July 23, 2019, it said.

The RBI, which had previously not disclosed the resignation and was forced to do so following a media report, said: "Consequential action arising from his letter is under consideration of the Competent Authority".

Acharya had in a hard-hitting speech in October last year brought to light a growing rift between the BJP-led government and the RBI headed by the then Governor Urjit Patel.

A staunch ...