NEW DELHI (Reuters) - The vice chairman of an influential government think tank on Tuesday played down the shock resignation of Reserve Bank of India governor Urjit Patel, saying the government would do whatever is required to ensure stability.
"It is not as if the RBI is dependent on any particular individual," said Rajiv Kumar, vice chairman of the NITI Aayog think tank, adding India's institutional capabilities are very strong.
Patel's resignation came after a month-long tussle over policy with the government that has raised concerns about the central bank's independence as a national election nears.
(Reporting by Neha Dasgupta; Editing by Malini Menon)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app