Deaths of people including 11 bank officers in the last 12 days who is responsible?

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Deaths of people including 11 bank officers in the last 12 days who is responsible?

Leader of bank officers’ union

D Thomas Franco, senior vice president of 

All India Bank Officers Confederation,

 says Urjit Patel morally responsible for causing crisis, 

deaths in country.

Written by Arun Janardhanan | Chennai | Updated: November 21, 2016 8:02 am



A TOP leader of India’s largest confederation of bank officers has called for the resignation of RBI governor Urjit Patel, whom he held responsible for causing “havoc” to the economy with the unprepared decision to demonetise currency.
D Thomas Franco, senior vice president, All India Bank Officers Confederation which represents over 2.5 lakh senior officers from all nationalised, old-generation private sector, cooperative and regional rural banks in India, told The Indian Express that it is the RBI governor who should take moral responsibility for the crisis and the deaths of people including 11 bank officers in the last 12 days.
Franco said the government could have taken lessons from other countries and from its own demonetisation drive in 1978, when then RBI governor I G Patel had advised the government against the move. “We all know that neither Prime Minister Narendra Modi nor Finance Minister Arun Jaitley is an economist,” Franco said. “We have economists in RBI to take the right decisions on matters relating to economy and people’s lives. The present governor has utterly failed in his role by taking a crucial economic decision without planning, which has brought havoc to the nation’s economy and lives of the majority.

Leader of bank officers’ union

D Thomas Franco, senior vice president of 

All India Bank Officers Confederation,

 says Urjit Patel morally responsible for causing crisis, 

deaths in country.

Written by Arun Janardhanan | Chennai | Updated: November 21, 2016 8:02 am



A TOP leader of India’s largest confederation of bank officers has called for the resignation of RBI governor Urjit Patel, whom he held responsible for causing “havoc” to the economy with the unprepared decision to demonetise currency.
D Thomas Franco, senior vice president, All India Bank Officers Confederation which represents over 2.5 lakh senior officers from all nationalised, old-generation private sector, cooperative and regional rural banks in India, told The Indian Express that it is the RBI governor who should take moral responsibility for the crisis and the deaths of people including 11 bank officers in the last 12 days.
Franco said the government could have taken lessons from other countries and from its own demonetisation drive in 1978, when then RBI governor I G Patel had advised the government against the move. “We all know that neither Prime Minister Narendra Modi nor Finance Minister Arun Jaitley is an economist,” Franco said. “We have economists in RBI to take the right decisions on matters relating to economy and people’s lives. The present governor has utterly failed in his role by taking a crucial economic decision without planning, which has brought havoc to the nation’s economy and lives of the majority.



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