With the RBI Board meeting just four days away, Reserve Bank of India (RBI) governor Urjit Patel stepped down from his position - on Monday, 10 December - with immediate effect, citing “personal reasons”.
Here’s how Twitter users reacted to the news, right from the top tier:
Dr. Urjit Patel is a thorough professional with impeccable integrity. He has been in the Reserve Bank of India for about 6 years as Deputy Governor and Governor. He leaves behind a great legacy. We will miss him immensely.
— Narendra Modi (@narendramodi) December 10, 2018
Dr Urjit Patel is an economist of a very high calibre with a deep and insightful understanding of macro-economic issues. He steered the banking system from chaos to order and ensured discipline. Under his leadership, the RBI brought financial stability.
— Narendra Modi (@narendramodi) December 10, 2018
The Government acknowledges with deep sense of appreciation the services rendered by Dr. Urjit Patel to this country both in his capacity as the Governor and the Deputy Governor of The RBI. It was a pleasure for me to deal with him and benefit from his scholarship. (1/2)
— Arun Jaitley (@arunjaitley) December 10, 2018
Another one bites the dust.
— Congress (@INCIndia) December 10, 2018
This is the result of our 'chowkidar's' assault on democratic institutions - RBI Governor, Urjit Patel steps down. https://t.co/SFEih1WYZ9
Urjit Patel resigns. Who will Modi government appoint as next governor?
— Shivam Vij (@DilliDurAst) December 10, 2018
“What Does the Resignation Mean?”
So after Arvind Subramanian, it's Urjit Patel. His resignation clearly shows that nobody wants to be associated with the economic mess Shri Modi and BJP have put the country in.
— Niranjan Patnaik (@NPatnaikOdisha) December 10, 2018
This has never happened before. This is unprecedented. We are deeply concerned. The RBI is the custodian of public money. The credibility of all institutions is being destroyed. This is a financial and economic emergency
— Mamata Banerjee (@MamataOfficial) December 10, 2018
And now, governor Reserve Bank of India, Urjit Patel quits. pic.twitter.com/erlb6vIAI7
— Smita Prakash (@smitaprakash) December 10, 2018
âThis marks the first time a serving governor has left his job midway through his five-year term.â Urjit Patel: India's RBI governor quits https://t.co/Turn4iXTTw
— Aakanksha Tangri (@AakankshaT) December 10, 2018
“Who’s Next?”
Arvind Subramaniam and now Urjit Patel. Whoâs next to resign? Alok Verma removed. #GoFigure unreal times.
— Chaiti Narula (@Chaiti) December 10, 2018
Reserve Bank of India Governor Urjit Patel has put in his papers, report multiple news outlets. What a crisis? The timing couldn't have been worse.
— ParanjoyGuhaThakurta (@paranjoygt) December 10, 2018
RBI governor Urjit Patel has been eased out since he refused to allow the Modi govt to plunder Rs Three lakh crore of RBI reserves. Now Modi govt will get a more pliable RBI governor who will allow this loot
— Arvind Kejriwal (@ArvindKejriwal) December 10, 2018
Urjit Patel has displayed a quality so rare among those holding public office: willingness to take risk & make personal sacrifice to protect his institutionâs autonomy and own professional reputation. Itâs an honourable and patriotic act. RBI so needed a leader to fight back..
— Shekhar Gupta (@ShekharGupta) December 10, 2018
Modi Sarkar's desperation to dip into the RBI's reserves is showing.
— Jairam Ramesh (@Jairam_Ramesh) December 10, 2018
This government will go to any lengths to tide over its monumental mismanagement of the Indian economy.
Urijit Patel resigns. Ironic: Raghuram Rajan not given a second term because he was too much his own person and too visible. Now the most low key, non visible, near reclusive RBI governor quits. Not at all a good reflection on govt management of accomplished professionals
— barkha dutt (@BDUTT) December 10, 2018
"ठब तॠà¤à¤¸ तालाब à¤à¤¾ पानॠबदल दà¥,
— Abhishek Singhvi (@DrAMSinghvi) December 10, 2018
यॠà¤à¤à¤µà¤² à¤à¥ फà¥à¤² à¤à¥à¤®à¥à¤¹à¤²à¤¾à¤¨à¥ लà¤à¥ हà¥à¤" #UrjitPatel#RBIGovernorResignshttps://t.co/ZmDaHHjCV5
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