RBI union moots collegium to select governors, deputy governors
Updated : June 25, 2019 08:14 PM IST
Acharya, the youngest ever deputy governor, resigned from his position a few weeks back citing "unavoidable personal circumstances" and will be leaving the Mint Road office on July 23, the RBI said in a brief statement Monday.
As per the Section 8 of the Reserve Bank of India Act of 1934, the governor and deputy governors are appointed by the government.
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