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
    Baldev
    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 defeated.pl.rise 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.
    Reply
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      Chandresh
      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.
      Reply
      1. L
        Lovely
        Nov 23, 2016 at 9:46 am
        AIBEA is itself a big failure. It is power and impotent body.
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        1. L
          Lovely
          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.
          Reply
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            Alkesh
            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.
            Reply
            1. V
              Vinika
              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.
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              1. M
                Mathura
                Nov 27, 2016 at 2:14 pm
                Corporate layers handling finance ministry.
                Reply
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                  albin
                  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 groung...how could an RBI with this credibility wil regulate or banks and financial system?
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                  1. A
                    Anil
                    Nov 23, 2016 at 12:48 pm
                    Missing you Raghuram in this jungle and puppet raj of Urjit.
                    Reply
                    1. A
                      Anil
                      Nov 23, 2016 at 12:48 pm
                      Missing you Raghuram in this jungle and puppet raj of Urjit.
                      Reply
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                        ashok s
                        Nov 23, 2016 at 11:16 am
                        See in my cooperative housing society , ostwal oasis in Mira road ,some residents for their personal welfare collected rs 20000 rs per flat amounting to tune of 7 lac . how was that money converted in new bills , as society is not formed and their was no adhoc committee in place. First it was extortion , second they never ever gave why this money is needed. When contacted builders ms ostwal builders they say we can't help you , you handle your self or go to police . police was equally non responsive. Now I give vigilance names those goon names are uday kantak, Jayant, khan, nissar, Ner sondhe along with watchman of building
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                        1. A
                          ashok
                          Nov 23, 2016 at 12:54 pm
                          Where is mr venkatachalam is he sleeping .
                          Reply
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                            akj
                            Nov 23, 2016 at 12:17 pm
                            Dear Bank colleagues,lt;br/gt;Cheer up---the nation needs you. Nothing could be more meaningful than contributing to a good cause. Sleep is for trade unions whoswe only contribution is disruption during crisis-----they fight for a cause for personal benefit, more often than not------NOT OVERRULING GOOD PEOPLE, THERE IS NO DEARTH OF THEM----THE BOTTOM LINE IS ,WHEN THE COUNTRY NEEDS YOU---RISE AND RISE AND RISE.lt;br/gt;I as a retd soldier did not sleep for14 days and nights during 71 war---have never regretted it----keeps me going. So cheer up banker brothers---some day you will remember and rejoice and not regret.
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                              Dash
                              Nov 23, 2016 at 12:50 pm
                              We are used to corruption. Chalta hai atude by these unions won't last. They have to work. Do soldiers or even sweepers complain?
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                                Bijoy George
                                Nov 23, 2016 at 10:34 am
                                Employees cannot be made working round the clock,, as they are also humans... It's sad to see handling things in a pathetic way and no response from RBI.
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                                  Buddhdev Pandya
                                  Dec 11, 2016 at 7:36 am
                                  Black money is a menace to our society that we need to eliminate. In doing so, we have to be mindful of the potential impact on hundreds of millions of other honest citizens. It may be tempting and self-fulfilling to believe that one has all the solutions and previous governments were merely lackadaisical in their attempts to curb black money. It is not so. Leaders and governments have to care for their weak and at no point can they abdicate this responsibility. Most policy decisions carry risks of unintended consequences. It is important to deftly balance these risks with the potential benefits of such decisions. Waging a war on black money may sound enticing. But it cannot entail even a single loss of life of an honest Indian. When we boast of providing 'good governance', less we say better it is. It is chaos in terms of idea, policy, implementation and the impact on the people and the economy is yet to be 'covered up' in glorious reports.
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                                    Buddhdev Pandya
                                    Dec 11, 2016 at 7:46 am
                                    Defective note printed and circulated by RBI also gives an impression of a fake currency. Reserve Bank of India has recently (January 2016) admitted that it has printed Rs. 30,000 crore worth of Rs. 1000 currency notes without the silver thread. It has also revealed that Rs. 10,000 crore has already been circulated. This is the second time that RBI has printed faulty currency notes. The fake currency is at present estimated by all to be Rs. 400 crore which is 0.04 % of total currency value.
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                                      Buddhdev Pandya
                                      Dec 11, 2016 at 7:42 am
                                      Hardly a month gone by and a fewdays since the new 2000 rupees note has seen the day light, already Rs. 24 crore in new Rs.2, 000 currency notes has been found in a Tx raid. Many examples of Banks with back door supply of money while people staning in ques and BJP friends having made arrangements, all is ok!!!
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                                        chattoo
                                        Nov 23, 2016 at 12:56 pm
                                        Nation??? Who and what is ' Nation ' ...Aren't the bank employees part of the nation...aren't poor farmers and small businessmen part of ' The nation'..Are only those who sit in those corridors the nation. lt;br/gt;lt;br/gt;History teaches us that the wars have bee thrust on the people who bear the brunt of the economic and other hardships while the top br negotiate treaties. Poor people are told to support ' the nation' ...
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                                          Robin Joseph
                                          Nov 23, 2016 at 12:24 pm
                                          Demonetisation is a total failure.people are dying standing in quees;poor people are denied food and treatment;everything is in chaosdia's growth rate is rapidly plunging.Mandatory rules and regulations are floated by sudden declaration of demonetisation.lt;br/gt; Unfortunately the custodian of the consution ;the protector of the fundamental right; the last resort for the people ;the courts has also failed to act.Justice dela is justice denied.lt;br/gt; The government is unable to touch the rich peoplestead they are targeting and make poor people suffer.lt;br/gt; The important thing is nobody is against recovering black money or demonetisation.But to make the innocent people suffer without making proper arrangements is a grevious and serious crime against the poorest of the poor citizens of India.
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                                            Col S
                                            Nov 27, 2016 at 1:45 pm
                                            RBI and Finance Ministry FAILEDto ACT to RECOVER Rs 9-12 lakh CroresNPA of PSU banks which COULD have AVERTED this STEP and MISERY to PUBLIC. Their INTENTION to curb BLACK MONEY is SUSPECT.lt;br/gt;RICH and FRAUD borrowers and BANKS are SLEEPING with PUBLIC facing music.lt;br/gt;lt;br/gt;RUSE by the parties and government to DIVERT attention from this BIGGEST LOOT?SCAM in history.
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