Viral Acharya has resigned as Deputy Governor of Reserve Bank of India six months before the end of his tenure, citing “unavoidable personal circumstances”.

Acharya’s resignation comes seven months after the resignation of Urjit Patel as the Governor of RBI.During his tenure, Acharya had locked horns with the finance ministry over the autonomy of the bank. Last year, he said the horizon of government’s decision-making was short and driven by political considerations.

Acharya went on to say that the undermining of the RBI’s independence could result in a crisis of confidence in the capital markets.