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Neither Finance Secretary Ashok Lavasa nor Anjuly Chib Duggal, Secretary Financial Services – the department in charge of banking operations, have held a press conference on the issue.
Reserve Bank of India (RBI) is issuer of currency and the management of currency is one of its core central banking functions.
The media-shy Patel, who took over from Raghuram Rajan as the Governor of the central in early September, has not made any statement on the management of cash situation after 86 per cent of the currency in circulation was withdrawn and printing of new Rs 2000 and Rs 500 notes begun, leaving Das to do all the fire-fighting.
From the banks’ side, SBI Chairperson Arundhati Bhattacharya has been doing all the talking on recalibration of ATMs and availability of cash.
The November 8 demonetisation decision had sent public at large scrambling to get hold of valid currency notes as bank and ATMs went out of cash.
The All India Bank Officers Confederation has reportedly called for the resignation of Patel for “utterly failing” in his role and causing havoc to the nation’s economy.
(Sourced from agencies, feature image courtesy:hindi.oneindia.com)
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