MUMBAI -- Urjit Patel's resignation as the Reserve Bank of India governor may have been abrupt, but he leaves a well-established process for monetary policymaking. Reforming financial governance and credit standards, on the other hand, remains a work in progress.
After turmoil in the banking sector shook the Indian stock market this year, investors will keep a close eye on how incoming Gov. Shaktikanta Das steers the central bank's financial regulation as New Delhi tries to stimulate the economy.
