New Delhi: After Reserve Bank of India (RBI) Governor Urjit Patel tendered his resignation on Monday, West Bengal Chief Minister Mamata Banerjee called it a ‘financial emergency’ and said that it’s a matter of great concern of the country. Also Read - What is RBI's 3-Month Moratorium? Will EMI be Deducted From Your Account? Here Are Your Answers

Banerjee said, “We’ll meet the President because financial stability is not there, Reserve Bank of India Governor Urjit Patel has resigned.” Also Read - RBI Recruitment 2020: Applications Invited For Consultants, Specialists, Analysts; Apply From April 9

Meanwhile, Congress leader Kapil Sibal too reacted over Urjit Patel’s resignation as the RBI Governor and attacked Prime Minister Narendra Modi saying that people he (PM) appointed are resigning– first Arvind Subramanian left as CEO and now it is Urjit Patel. He added that the economy is suffering as PM Modi thinks that he’s the biggest economist and he doesn’t need them, so they are resigning. Also Read - Arvind Kejriwal Assures CMs Over Migrants, Says 'Will do Everything Possible to Help Them'

Earlier today, former Reserve Bank of India (RBI) Governor Raghuram Rajan termed Urjit Patel’s resignation as a ‘mark of protest’ and said that every Indian must be concerned, implying the humongous problem.

“Believe resignation of RBI Governor Urjit Patel is a matter of great concern. Resignation by a government servant is a note of protest when faced with circumstances they cannot deal with,” said Rajan. “All Indians should be concerned about governor Patel’s resignation,” he added.

Meanwhile, PM Modi and BJP chief Amit Shah lauded Patel’s contribution.

Urjit Patel stepped down as the Governor of the Reserve Bank of India (RBI) on Tuesday, according to media reports. Patel tendered his resignation citing personal reasons.

“On account of personal reasons, I have decided to step down from my current position (RBI Governor) effective immediately. It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years,” he said.

“The support and hard work of RBI staff, officers and management have been a proximate driver of Bank’s considerable accomplishments in recent years. I take this opportunity to express gratitude to my colleagues and Directors of RBI Central Board and wish them all the best for future,” Patel added.