MUMBAI: RBI Governor Urjit Patel has told colleagues that any effort to belittle the reputation of the central bank deserves “zero tolerance” and asked them to guard the integrity of the institution.
In his first address to the staff after taking over as the 24th Governor on September 4, 2016, Patel, in an email, said the RBI has achieved the excellence only because of the collective efforts of its employees.
Specifically talking about the withdrawal of Rs 500 and Rs 1,000 notes by the Centre on November 8, he said, “Let me emphasise that one thing we should all zealously guard is the integrity and reputation of our organisation and any act belittling the same should deserve zero tolerance from all of us.”
It may be noted that during the demonetisation drive, a few senior RBI employees were held for alleged money laundering and illegal exchange of banned notes. Following this, the CBI had in December arrested a few RBI officials.
“I am confident that all of us working together will rise to the occasion and face these challenges in a manner befitting the reputation of this esteemed organisation,” Patel said in his email to the employees on the eve of the New Year.
Patel said that during the year gone-by, RBI continued its efforts at restoring macroeconomic stability to the economy.
“While the policy actions have already shown positive effects, nevertheless they are work in progress and need to be fine-tuned constantly to keep pace with the changing environment,” he said. (AGENCIES)
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