LIVE TV DownloadNews18 App
News18 English
»
1-min read

Govt Did Not Ask for Urjit Patel's Resignation as RBI Governor, Says Arun Jaitley

Responding to criticism over surprise resignation of Patel as RBI Governor 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.

PTI

Updated:December 18, 2018, 1:00 PM IST
facebookTwittergoogleskypewhatsapp
Govt Did Not Ask for Urjit Patel's Resignation as RBI Governor, Says Arun Jaitley
File photo of Finance Minister Arun Jaitley. (PTI Photo)
Loading...
New Delhi: Finance Minister Arun Jaitley 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 does not need a single penny from RBI's capital reserves during the current fiscal.

Responding to criticism over surprise resignation of Patel as RBI Governor 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.

Catch the biggest newsmakers and the biggest newsbreaks on CNN-News18, the only news destination. Keep watching CNN-News18 at just 50 paise per month. Contact your cable/DTH operator now!

*Rental/capacity fee of Rs. 130/- as charged by cable/DTH operator may apply. **GST extra.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results