RBI Governor Urjit Patel may not resign, calls board meeting on Nov 19

The autonomy of the central bank, within the framework of the RBI Act, is an essential and accepted governance requirement, the Finance Mininstry said in a statement on Wednesday

RBI Governor Urjit Patel may not resign as he has called a board meeting on November 19 to discuss the pending issues, which created a rift between the government and the central bank, in the previous meeting held last week.

Meanwhile, the finance ministry said on Wednesday that it respects the central bank's autonomy.

“The autonomy of the central bank, within the framework of the RBI Act, is an essential and accepted governance requirement. Governments in India have nurtured and respected this,” the economic affairs department of the finance ministry said in a statement. 

The government did not deny reports that