Chandigarh, December 11, 2018: The All India Bank Employees’ Association – AIBEA has termed the resignation of RBI Governor Urjit Patel as quite shocking and disturbing despite the fact that it had earlier demanded his resignation in February this year owning up moral responsibility for the massive $1.8 billion Punjab National Bank scam/fraud alleged committed by the diamond retailer.
AIBEA General Secretary C.H, Venkatachalam had said that the reasons for his resignation of RBI Governor signal a dangerous trend that institutions like RBI are no longer independent.