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Business News » India News

NITI Aayog official plays down shock departure of RBI governor

"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.

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NITI Aayog official plays down shock departure of RBI governor
Rajiv Kumar, vice chairman of the NITI Aayog, Image source: Twitter
Written By: Reuters
Updated: Tue, Dec 11, 2018
11:05 am
New Delhi, Reuters
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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.

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NITI AyogVice Chairman Rajiv KumarReserve Bank of India (RBI)
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