From PM to Manmohan Singh: Who said what about Urjit Patel's resignation as RBI Governor

Dr Urjit Patel is an economist of a very high calibre with a deep&insightful understanding of macro-economic issues. He steered the banking system from chaos to order. He leaves behind a great legacy. We'll miss him immensely

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

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

FM Jaitley tweeted: “I wish Dr. Patel all the very best and many more years of public service. 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.”

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

I wish Dr. Patel all the very best and many more years of public service. (2/2)

— Arun Jaitley (@arunjaitley) December 10, 2018

RBI board member S Gurumurthysaid: "Surprised at the news that RBI governor has resigned. The previous meeting was held in such cordial atmosphere that it comes as a shock. All directors said media had created a wrong perception while inside it was totally different. That makes it even more surprising."

Former RBI Governor Raghuram Rajan said "all Indians should be concerned about Governor Patel's resignation"

"Saddened, not surprised, by Dr Urjit Patel's resignation. No self respecting scholar or academic can work in this government"

Saddened, not surprised, by Dr Urjit Patel's resignation. No self respecting scholar or academic can work in this government.

— P. Chidambaram (@PChidambaram_IN) December 10, 2018

November 19 was the day of reckoning. Dr Patel should have resigned on that day.

— P. Chidambaram (@PChidambaram_IN) December 10, 2018

Dr Patel may have thought that government will re-trace its steps. I knew it would not. Good he quit before another humiliating meeting.

— P. Chidambaram (@PChidambaram_IN) December 10, 2018

Subramanian Swamy on Urjit Patel's resignation: His resignation will be bad for our economy, RBI & govt. He should at least stay till July, until the next govt comes to power. PM should call him & find out the reason&dissuade him from leaving in larger public interest.

Subramanian Swamy on Urjit Patel's resignation as RBI Guv: His resignation will be bad for our economy, RBI & govt. He should at least stay till July, until the next govt comes to power. PM should call him & find out the reason&dissuade him from leaving in larger public interest pic.twitter.com/HutGRuuiob

— ANI (@ANI) December 10, 2018

I have known Dr.Patel to be an economist of high repute and also someone who cared deeply about India’s financial institutions and economic policy. Dr.Patel’s sudden resignation, at a time when the Indian economy is faced with many headwinds is very unfortunate and is a severe blow to the nation’s economy.

There have been apprehensions expressed earlier by the Deputy Governor of the RBI about the government’s intent to raid the capital reserves of the RBI for fiscal purposes. I hope the resignation of the Governor is not a sign that this may soon become a reality.