RBI governor Urjit Patel quits; North Block-Mint Road ties back in focus

Announces his decision in a statement posted on RBI's official website

Reserve Bank of India (RBI) Governor Urjit Patel has resigned citing personal reasons, said a statement by him on the central bank's website on Monday.

"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," Patel's statement said.

"I take this opportunity to express gratitude to my colleagues