10.25 AM: “The resignation of RBI Governor Urjit Patel is quite shocking and disturbing

“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.

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