Dr Urjit Patel is an economist of a very substantial calibre with a deep and insightful understanding of macroeconomic difficulties. He steered the banking system from chaos to purchase and ensured discipline. Under his leadership, the RBI brought economic balance. Dr Urjit Patel is a thorough experienced with impeccable integrity. He has been in the Reserve Financial institution of India for about 6 a long time as deputy governor and governor. He leaves behind a terrific legacy. We will overlook him immensely.
* Arun Jaitley, finance minister
The Government acknowledges with a deep sense of appreciation the providers rendered by Dr Urjit Patel to this country equally in his capability as the Governor and the Deputy Governor of The RBI. It was a satisfaction for me to deal with him and reward from his scholarship. I desire Dr Patel all the quite ideal and many additional many years of public service.
* Rahul Gandhi, Congress president
RBI governor is resigning since he’s guarding the institution of RBI. Getting absent reserves from RBI to preserve your pores and skin is an act from this nation. I’m very proud that individuals from all walks of everyday living and establishments are standing up to it.
* Raghuram Rajan, former RBI governor
I believe Dr Patel has made a assertion and I imagine this is the final assertion that a regulator or a civil servant can make. I imagine the assertion should be revered. We must go into the details as to why there was an impasse, which compelled this greatest selection. I think this is anything that all Indians need to be involved about since the strength of our institutions is really essential for our development, sustainable growth and fairness in the economic climate.
* Randeep Singh Surjewala, Congress spokesperson
The integrity of a different institution — RBI, stands denigrated by a tyrannical Modi routine as mirrored in RBI Governor’s unceremonious exit. Financial anarchy, compromising India’s monetary policies and attempting to stifle RBI’s independence by Govt appointed puppets is the DNA of BJP!
* Mamata Banerjee, West Bengal chief minister
This has never occurred right before. This is unprecedented. We are deeply worried. The RBI is the custodian of public cash. The reliability of all establishments is getting destroyed. This is a monetary and economic unexpected emergency.
* Arvind Kejriwal, Delhi chief minister
RBI governor Urjit Patel has been eased out because he refused to enable the Modi govt to plunder Rs 3 lakh crore of RBI reserves. Now, Modi govt will get a far more pliable RBI governor who will let this loot
* P Chidambaram, Congress leader
Saddened, not astonished, by Dr Urjit Patel’s resignation. No self-respecting scholar or academic can function in this authorities.