Reserve Bank of India (RBI) deputy governor Viral Acharya has quit his role six months before the end of his tenure. It is reported that Acharya is returning to New York University’s Stern School of Business (NYU Stern) in August, instead of February 2020 as CV Starr Professor of Economics. Acharya, who joined RBI as a deputy governor in January, 2017 was supposed to end his term after completing three years in this role.

Currently, Acharya is in charge of the Financial Stability Unit, Monetary Policy Department, Department of Economic and Policy Research, Financial Markets Operation Department, Financial Market Regulation Department, among others at the RBI.

The report stated that another RBI’s Deputy Governor NS Vishwanathan, whose term is due to end in the first week of July is likely to stay back for another two-year term. The process for finding Vishwanathan’s successor has been put on hold.