The board has also been taking a much more active role in challenging RBI policies than in the past. Former RBI Governor Raghuram Rajan, who did not take an extension after his term ended in September 2016, said Indians should be concerned about what was happening. Morale of employees is very down," said one RBI official, who has been with the central bank for more than a decade. Former government officials and analysts who follow the central bank said they were convinced the rift was a major factor in Patel's decision to resign. Patel resigned before the next RBI board meeting on Friday.

Source: Dhaka Tribune December 10, 2018 15:56 UTC