RBI Vs Modi government: Timeline of events that led to Urjit Patel's sudden resignation

Government appoints Swaminathan Gurumurthy - a prominent supporter of Narendra Modi's BJP party and an affiliate of Rashtriya Swayamsevak Sangh (RSS) - and Satish Marathe, a former banker and RSS supporter, to the RBI board.

Government invokes the never-before-used Section 7 of the RBI Act to force down decisions it wants RBI to take through three letters with over a dozen demands. RBI replies to these letters a week later.

RBI holds a marathon board meet that lasts for around eight hours but remains inconclusive on most issues that government brought in.

Deputy governor Viral Acharya goes public to assert RBI's autonomy, warns of the wrath of the markets if it is not maintained through a speech.

Government reiterates need for RBI autonomy as "essential" but calls for better governance at RBI.

Economic affairs secretary SC Garg cites improvements in market indices, the rupee and crude to make light of Acharya's "wrath of markets" remarks.

RSS ideologue and central board member S Gurumurthy says standoff between RBI and government not a "happy thing".

Ahead of RBI board meeting, finance minister Arun Jaitley says growth should not be throttled by squeezing liquidity to the needy sectors.

A 10-hour RBI central board meeting decides to set up a panel on the economic capital framework for RBI and directs it give forbearances to small businesses.

Urjit Patel resigns, citing personal reasons.