ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Indian central bank governor Patel quits amid Modi spat

Government left looking for successor as elections loom

MUMBAI -- Reserve Bank of India Gov. Urjit Patel resigned on Monday, having presided over a clash with the government of Prime Minister Narendra Modi over easing credit for small businesses and cleaning up bad loans.

Patel leaves nearly one year ahead of the completion of his three-year tenure that began in September 2016.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more