"Saddened, Not Surprised", Says A Vindicated P Chidambaram On RBI Governor Urjit Patel's Resignation

Written By Ankit Prasad | Mumbai | Published:


  • P Chidambaram has remarked on the resignation of RBI Governor Urjit Patel
  • The former Finance Minister has said he's saddened but not surprised
  • Chidambaram has been a commentator throughout the RBI-government disquiet

A seemingly vindicated P Chidambaram has voiced his first views on the resignation of RBI Governor Urjit Patel.

READ | Urjit Patel Steps Down As RBI Governor. Here's The Official Statement

Taking to Twitter, as he has on numerous occasions following the disquiet between the RBI and the government coming to the fore, the former Finance Minister has written:

Chidambaram had been a constant commentator during the standoff, broaching the topic of Urjit Patel resigning on multiple occasions while attacking the central government for its "determined efforts to wreck or capture crucial institutions of the country".

READ | "Dr Urjit Patel Is A Thorough Professional With Impeccable Integrity": Read PM Modi's Statement On RBI Governor Urjit Patel's Resignation

Just a month earlier, when the standoff first exploded in the aftermath of RBI Deputy Governor Viral Acharya's tempestuous speech, Chidambaram had tweeted:

READ | Finance Minister Arun Jaitley Issues Statement On RBI Governor Urjit Patel's Resignation. Here's What He Said

Two days later, he remarked on the government allegedly seeking a transfer of the RBI's reserves, in response to the Economic Affairs Secretary saying that the government was looking to fix the appropriate capital framework of the RBI:

Days before the RBI's board meeting, he dismissed all other points of disagreements between the Finance Ministry and the RBI, alleging that transfer of reserves was the only item on the agenda:

He also responded to arguments made about the RBI board taking a hand-on role in operations:

After the marathon meeting of the RBI where Urjit Patel didn't resign, Chidambaram said he was glad that the government had stepped back:

He also remarked on the RBI board resolving to form a committee to examine the transfer of reserves:

He had then alluded to the standoff not being over:

His next tweet was on today's development.