Government does not need a single penny from RBI’s capital reserves, never asked for resignation: Arun Jaitley

New Delhi, Dec 18: Finance Minister Arun Jaitley said, “The government never sought the resignation of Urjit Patel as Governor of the Reserve Bank of India, over differences in handling liquidity stress in certain sectors”, on Tuesday.

Speaking at Agenda Aaj Tak, he said, the government does not need a single penny from RBI’s capital reserves during the current fiscal.

Responding to criticism over surprise resignation of Mr. Patel as RBI Governor earlier this month, Mr. Jaitley said, “There were cordial discussions at the meeting of the RBI board over issues such as the appropriate size of reserves the central bank must hold. The government never asked for his resignation,” he said.

Former RBI Urjit Patil resigned the post with the “personal reasons” earlier this month, which became a reason for criticism on government about its role towards RBI.

After Mr. Patel’s resignation, the government appointed former bureaucrat Shaktikanta Das as the Governor of RBI.