A file photo of Arun Jaitley
A file photo of Arun Jaitley

Govt appreciates Urjit Patel’s service as RBI governor, says Arun Jaitley

Finance ministry spokesman on Monday said that Union Finance minister Arun Jaitley will soon react to RBI governor Urjit Patel's resignation

New Delhi: Finance Minister Arun Jaitley Monday appreciated the service rendered by RBI Governor Urjit Patel saying it was a pleasure to deal with him and has benefitted from his scholarship.

“The Government acknowledges with deep sense of appreciation the services rendered by Dr. Urjit Patel to this country both in his capacity as the Governor and the Deputy Governor of the RBI. It was a pleasure for me to deal with him and benefit from his scholarship," Jaitley tweeted.

“I wish Dr. Patel all the very best and many more years of public service," he said.

Earlier Patel resigned as RBI Governor, nearly 9 months ahead of his three-year tenure was to come to an end.

“On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years. The support and hard work of RBI staff, officers and management has been the proximate driver of the Bank’s considerable accomplishments in recent years. I take this opportunity to express gratitude to my colleagues and Directors of the RBI Central Board, and wish them all the best for the future," said Patel in a statement released after market hours on Monday.

Patel took charge as the RBI Governor on 4 September, 2016.

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