Former Reserve Bank of India (RBI) governor Urjit Patel has resigned from the post of non-executive and independent director of Britannia Industries Limited, citing a full-time work assignment starting next month.
“It has been a pleasure to have been a part of the Board of the Company. Due to my new full-time work assignment starting next month, the attendant time constraint has compelled me to tender my resignation as an independent Director of Britannia Industries Ltd. from January 31, 2022," Patel said in a letter that was uploaded on the exchanges late on January 28.
The former governor also confirmed that there was no other reason other than what he has mentioned for the resignation.
Patel was recently appointed vice president for investment operations in South Asia at the Beijing-based Asian Infrastructure Investment Bank (AIIB). His appointment is effective from 1 February, AIIB had said in a statement earlier this month.