Govt did not ask for Urjit Patel’s resignation as RBI Governor

New Delhi, December 18

Union Finance Minister Arun Jaitley on Tuesday said the government never sought the resignation of Urjit Patel as Governor of the Reserve Bank of India over differences in handling liquidity stress in certain sectors.

Speaking at Agenda Aaj Tak, he said the government did not need a single penny from the RBI’s capital reserves during the current fiscal.

Responding to criticism over surprise resignation of Patel earlier this month, he said there were cordial discussions at the meeting of the RBI board over issues such as the appropriate size of reserves the central bank must hold.

“The government never asked for his resignation,” he said.

After Patel’s resignation, the government appointed former bureaucrat Shaktikanta Das as the Governor of RBI. PTI