RBI Governor Urjit Patel resigns

As expected RBI Governor Urjit Patel has resigned. Urgit has some differences with the Government. Finance Minister Arun Jaitley has earlier charged that Urjit was not handling the bank properly. His resignation was expected long back. He is related to Reliance owner Ambani. He was the Governor since 2016. But the demonetisation episode was not handled properly by him. But Urjit cited personal reasons for his resignation. Urjit had some differences with the Government over major issues.