Acharya, who has quit six months before his three-year term as the deputy governor in-charge of the monetary policy department ends, had said many nations are seeing the central bank independence being compromised and asserted that independent central bankers will remain undeterred.
RBI Deputy Governor Viral Acharya, who was in-charge of the monetary policy department, has resigned six months before the scheduled end of his term, sources said Monday.
Viral Acharya today said that post demonetisation, there has been a visible channelizing of money towards financial assets like insurance and mutual funds.
The remarks were made while suggesting credible ways of resolving the current stress in the state-run banks, which included private capital raising, asset sales, mergers, tough prompt corrective actions and divestments.
The RBI has said that the demonetisation impact on the GDP may be seen in the current quarter in some segments.
India, one of the world's fastest growing economies, is in an "exciting but challenging time" and has massive potential to become an "economic powerhouse", RBI's newly-appointed Deputy Governor and noted economist Viral Acharya said here.
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