Viral V.Acharya, one of the four Deputy Governors of the Reserve Bank of India, has submitted his resignation officially before the end of his term that is on January, 2020.
Regarding his departure, Yogesh Dayal, Chief General Manager, RBI via a media report said that “A few weeks ago, Dr. Acharya submitted a letter to the RBI informing that due to unavoidable personal circumstances, he is unable to continue his term as a Deputy Governor of the RBI beyond July 23, 2019. Consequential action arising from his letter is under consideration of the Competent Authority.”
Viral Acharya’s official profile in his former employer’s site New York University Stern School of Business, mentions “Viral V. Acharya is the C.V. Starr Professor of Economics in the Department of Finance at NYU-Stern. He will be on leave starting 20th January 2017 for a three-year term as a Deputy Governor at the Reserve Bank of India.”
Viral Acharya , who is a renowned economist and an academician in USA, is said to step back to the educational arena as his time of resignation and the opening of US Academic Year seems to coincide well. It must me noted that his former employer mentions him as a faculty who is on leave and not a former faculty.
The remaining responsibilities of Viral could be given to the 3 other deputy directors of RBI- M.K.Jain, B.P.Kanungo and N.S.Vishwanathan.