Urjit Patel Quits

Sensex recovers 190 points to close at 35,150, Nifty ends above 10,500-mark as investors dismiss jitters over election results

The Sensex had plunged 714 points on Monday in its worst session in two months on pre-poll jitters.

RBI's institutional capabilities very strong, will do whatever required for economy: NITI Aayog vice chairman Rajiv Kumar

"Patel has done an amazing work in the last two years...But RBI is not dependent on any one particular individual," Rajiv Kumar said.

Day after Urjit Patel's surprise resignation, finance secretary says successor in Reserve Bank of India to be announced today

The government is likely to make an announcement regarding Urjit Patel's successor as Reserve Bank of India's Governor later in the day, Finance Secretary A N Jha said.

Urjit Patel resigns: RBI deputy governor NS Vishwanathan may be made interim head of central bank

NS Vishwanathan, senior most deputy governor, may be made interim head of the RBI following the unexpected resignation of Urjit Patel

Urjit Patel resignation: Any attempt by govt to curtail central bank's independence credit negative, says Moody's

To a query on the sovereign rating impact of the developments around RBI, Moody's said, "While the motivation for the RBI Governor's resignation is unclear, the independence of a country's central bank is an important consideration in our assessment of a sovereign's institutional strength."

Urjit Patel’s successor: Cabinet secretary-led panel to find new Reserve Bank of India governor

As per the process, the panel will invite applications from eligible candidates and based on interactions with them will select the candidate.

RBI employee union expresses shock over governor Urjit Patel's resignation

The All India Reserve Bank Employees Association has expressed shock over the resignation of central bank governor Urjit Patel, saying one of the trigger points could be a transfer of reserves to the government.

RBI governor Urjit Patel quits: Hope for smooth transition with approach acceptable to all, says corporate India

India Inc on Monday said it hopes for a smooth transition and "an approach acceptable to all" after RBI Governor Urjit Patel's resignation, citing liquidity and credit offtake issues in the financial sector.

RBI says no basis to reports about Viral Acharya quitting as deputy governor

The Reserve Bank of India on Monday denied speculation that Deputy Governor Viral Acharya was resigning from his post