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Demonetisation: Bank unions adamant, demand Urjit Patel's resignation

Bank staff body slams RBI governor for remaining silent, and for his 'ineffective' handling of post demonetisation crisis

ANI  |  New Delhi 

It will be idiotic to attack Patel: Swamy

Holding Governor responsible for ineffective handling of the crisis post the drive, All India Bank Employees Association vice-president on Wednesday said that bank unions are adamant about their demand for the former's resignations as well as lockdown of the apex bank.

Questioning the failure of the as the regulatory system, Utagi said that Patel, who hasn't uttered a word till now, should resign with immediate effect.

"Since two weeks, the bank employees are working from eight in the morning till midnight including weekends. Still, there are truckloads of work to do. There has been absolutely no cooperation from the RBI's side," Utagi told ANI.

"It added to the mess by banning cooperative banks from exchanging old notes or accepting deposits," he added.

Stating that the present situation is a clear mess, Utagi further said that there have been one million employees at various banks who are working day in and day out in a situation characterised by a shortage of cash counting machines, fake notes detection machines and manpower security personnel.

The All India Bank Employees Association vice-president's assertion come as a united opposition is cornering the government in Parliament and demanding Prime Minister to explain the rationale behind imposing such a decision.

First Published: Wed, November 23 2016. 13:13 IST