Employee unions of the Reserve Bank of India (RBI) on Friday sent a statement to Governor Urjit Patel, protesting government’s move to send a joint secretary to the central bank to coordinate cash operations, which was "impinging on RBI autonomy” as well as operational jurisdiction.
The finance ministry's move to send its official to the central bank was “most unfortunate” and government interference was “absolutely unacceptable” and “deplorable”.
The letter said the central bank has been managing its duty of currency management efficiently since 1935 and the RBI staff had done an excellent job managing withdrawal of old notes. But