All India Bank Employees Association demands RBI Governor’s resignation

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

By: ANI | New Delhi | Updated: November 23, 2016 4:43 pm
Urjit Patel, RBI, RBI governor, RBI governor Urjit patel, All India Bank Employees Association, Urjit patel resignation demand, demonetisation, urjit patel's silence, RBi news, RBI governor Urjit Patel.

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

Questioning the failure of the RBI 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.

Citing the present situation as a clear mess, Utagi further said that there have been in total ten lakh employees at various banks who are working in and out in a situation where there are inadequate 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 Narendra Modi to explain the rationale behind imposing such a decision.

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  1. B
    Nov 23, 2016 at 12:58 pm
    Dear bank employees I appreciate the services being rendered by u in this hour of crisis.I agree there are are a few issues which need to be addressed. But u will agree that such a decision could have been taken all of a sudden otherwise very purpose would have been to the occasion and come out as heroes by supporting this war against black money.your hardships and hardworking is being appreciated by the w nation.
    1. C
      Nov 25, 2016 at 5:17 pm
      The soldiers, police, doctor's and many other professionals with for more than 12 hours a day, everyday, without leaves - at ries much lower then back employees - think about them Mr. Utagi? You never noticed them.
      1. L
        Nov 23, 2016 at 9:46 am
        AIBEA is itself a big failure. It is power and impotent body.
        1. L
          Nov 23, 2016 at 12:12 pm
          Now, AIBEA is almost extinct . Ask any bank employee, how they are cheating bank employees and today bank employees are lowest paid in India.They are impotent.
          1. A
            Nov 23, 2016 at 10:12 pm
            India must privatize all banks operating within its borders. Indian bank union workers are the most currupt and laziest in the world. All unions in banking sector must be abolished for efficient and corruption-free functioning of banks.
            1. V
              Nov 27, 2016 at 2:16 pm
              Viswas Utagi, You go home resigning from your job. This is a major initiative to solve a country's problem, If you bark about union, then you need to do military service for the country. Bank staff are not over working compared to other jobs in similar pay scale. Plus this is just for few weeks. Most of the bank staff are willing to put their 200%. This stupid is playing games.
              1. M
                Nov 27, 2016 at 2:14 pm
                Corporate layers handling finance ministry.
              2. A
                Nov 23, 2016 at 1:10 pm
                surely he has to go...he managed all these event like make shift tea seller .RBI with its high credibility thoriough all these past years and he made it crash that into the could an RBI with this credibility wil regulate or banks and financial system?
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