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  Business   In Other News  23 Nov 2016  Urjit Patel must resign, demand bank unions

Urjit Patel must resign, demand bank unions

ANI
Published : Nov 23, 2016, 1:27 pm IST
Updated : Nov 23, 2016, 1:34 pm IST

Bank unions are adamant on their demand for the former's resignations as well as lockdown of the apex bank.

RBI Governor Urjit Patel. (Photo: PTI)
 RBI Governor Urjit Patel. (Photo: PTI)

New Delhi: Holding RBI Governor Urjit Patel responsible for ineffective handling of the crisis post the demonetisation drive, All India Bank Employees Association vice-president Vishwas Utagi on Wednesday said that bank unions are adamant on their demand for the former's resignations as well as lockdown of the apex bank.

Questioning the failure of the RBI as the regulatory system, Utagi said that Patel, who hasn't uttered a word till now, should resign with immediate effect.

"Since two weeks, the bank employees are working from eight in the morning till midnight including weekends. Still, there are truckloads of work to do. There has been absolutely no cooperation from the RBI's side," Utagi told ANI.

"It added to the mess by banning cooperative banks from exchanging old notes or accepting deposits," he added.

Citing the present situation as a clear mess, Utagi further said that there have been in total ten lakh employees at various banks who are working in and out in a situation where there are inadequate cash counting machines, fake notes detection machines and manpower security personnel.

The All India Bank Employees Association vice-president's assertion come as a united opposition is cornering the government in Parliament and demanding Prime Minister Narendra Modi to explain the rationale behind imposing such a decision.

Tags: all india bank employees association, rbi governor, urjit patel, demonetisation drive, resignation
Location: India, Delhi, New Delhi