He has reportedly cited personal reasons for doing so. He has been in the Reserve Bank of India for about 6 years as Deputy Governor and Governor.
Patel's short statement Monday made no mention of the rift, highlighting only what he called the RBI's "considerable accomplishments in recent years".
Acharya had explicitly said he had the backing of Governor Patel for making the speech.
There was speculation a month ago that Patel might quit over the government pressure, but the rumours eased after the government and central bank reached an uneasy truce ahead of the RBI board meeting last month.
The RBI's central board has 18 members, which includes the Governor and his four deputies as full-time official directors, while the rest have been nominated by the government, including the Economic Affairs and Financial Services Secretaries.
"This is something all Indians should be concerned about", Raghuram Rajan, Patel's predecessor as RBI governor, was quoted as saying by Reuters on Monday.
The former prime minister added that he has known Patel to be an economist of high repute and also someone who cared deeply about India's financial institutions and economic policy. While the exit of Panagariya and Subramanian did not follow any controversy, Patel has left amidst differences of opinion between the RBI and the government.
Jaitley tweeted Monday that the government "acknowledges with deep sense of appreciation" Patel's time at the bank. "Dr. Urjit Patel is a thorough professional with impeccable integrity". He leaves behind a great legacy. "We will miss him immensely", he said.
"You see (between) 2008 to 2014, after the global economic crisis, to keep the economy artificially going, banks were told open your doors and lend indiscriminately", Jaitley said at India Leadership Summit organised by US-India Strategic Partnership Forum.
It was agreed in the meeting that RBI's reserves won't be touched, but RBI would be flexible in examining if some banks could be brought out of the prompt corrective action framework (PCA).
So, with the No. 1 starter off the market, where do the Reds turn? Though, one other major question remains here. Corbin inked a six-year deal worth $140 million, similar to the deal Yu Darvish signed with Chicago last year.
Both the 54-year-old Meyer's exit and Day's hiring are 180-degree opposites of the situation when Meyer was hired in 2011. Smith applauded Meyer's level of success - he has an 82-9 record in seven seasons - and impact at Ohio State .
And perhaps more importantly, US officials have urged other countries to ban telecom companies from purchasing Huawei equipment. Huawei overtook Apple earlier this year to move into the No. 2 spot, according to Business Insider .
That prospect is rejected both by supporters of a cleaner break with the European Union and those who want to stay inside it. He said that although the government could defer it unilaterally, he would be happy to facilitate a vote on the matter.
Earlier this year, Musk was charged with securities fraud by the SEC, a charge that stemmed from something he tweeted. By late September the case was settled to avoid a trial; both Musk and Tesla were each fined $20 million.
Mohammad Hadi Marashi, deputy governor for security affairs, told state TV that two police officers were killed in the attack. Al-Furqan in 2017 claimed responsibility for bombing an oil pipeline in the southwestern province of Khuzestan.
Do you agree with Liam that the amount of teases towards what's coming next is getting a little bit too much? Among the new game announcements was a post-apocalyptic sequel to Far Cry 5 , Far Cry: New Dawn.
Trump has "pulled out all the stops" to hamper Chinese ambitions to challenge the U.S.as a technology leader, Lam said. A person familiar with the matter told Reuters she faces extradition on charges related to us sanctions violations.
She allegedly assured U.S. banks that Huawei and Skycom were different companies but prosecutors say they were one and the same . Martin, her lawyer, said she would never breach a court order on bail because that would embarrass her father and China .
The Suns' desire, according to the report, is "to land a playmaking guard and a draft asset as the price of unloading Ariza". The former University of Georgia standout signed a one-year, $12 million contract to stay with the Lakers last offseason.
In cases where you have been without service for some time, you may also have the right to leave the contract without penalty. Thousands of O2 customers have not been able to get online on Thursday morning following a technical fault with the network.
Body found in NZ search for missing British backpacker
The 26-year-old man will remain in police custody until Monday morning, when he will appear in the Auckland District Court. Grace Millane, who was travelling the world after finishing university, went missing on December 1 in Auckland.
The 2019 Grammy Nominee's Are In And Hip-Hop Dominates
Samuels also received two nominations in the best rap song category as a songwriter on Eminem's Lucky You and Jay Rock's Win . Drake , a Grammy veteran, also sits at the top of the list with seven nominations for his 2018 album, Scorpion .
Trump hopes for US-N.Korea summit in early 2019
Kim had been expected to visit Seoul in mid-December but the North asked for a delay citing internal affairs. They have also begun work to reconnect a train line and fix another rail link across the border.
US warplanes crash off Japan; 1 rescued, 6 missing
The USNI reported that five crew members were on board the tanker when it went down 200 miles off the Japanese coast. A series of emergency landings and parts falling from USA military aircraft have highlighted safety concerns.