“The resignation of RBI Governor Urjit Patel is quite shocking and disturbing. The reasons for his resignation are obvious and signals a dangerous trend that institutions like rbi are no longer independent. At a time when we need a more stronger and more independent RBI, this vital institution is under intimidation. It appears that the govt is bent on weakening rbi to meet its political needs of a pliable RBI,”
CH Venkatachalam, General Secretary, All India Bank Employees’ Association (AIBEA) said.