RBI Deputy Governor Resigns Early, Departing April 25, 2014, Citing Personal Reasons; Successor Search Underway.

The Deputy Governor of the Reserve Bank of India has requested an early departure from his position, moving his exit to April 25, 2014, instead of the planned June 30, 2014, due to personal reasons. Known for his candidness and significant contributions, he has been instrumental in advancing risk-based supervision within the bank. The Governor acknowledged his valuable guidance and banking expertise, which have been crucial in identifying systemic weaknesses and advocating for change. The Reserve Bank is currently searching for his successor.