NEW DELHI:
Reserve Bank of India board member and Swadeshi ideologue S Gurumurthy told ET on Monday that despite his differences with
RBI Governor
Urjit Patel on some issues, he shared a warm bonhomie with him and felt that Patel and he could “very well understand each other’s views”.
“The reports about this ‘sword fighting’ within the board are not right. It was precisely for this reason that the RBI came out with a statement for the first time after the last meeting because it was deemed important by the governor to clear the atmosphere,” Gurumurthy said.
“It is true that several matters were discussed in the board meeting. Even in the matters of
MSME, it was left to the RBI to take a call. So, I don't think it is right to say that the board asserted itself. I shared several hours of discussions with him and though we had difference of opinions, we felt we could understand each other's point of view.”
Gurumurthy also took to Twitter to explain his position, calling Patel's resignation “a shock, particularly after the cordial board meeting". His resignation is indeed setback to the efforts of convergence of views that was taking place. We will miss him," he tweeted. It was widely reported that the RBI board had played an active role in the feud between the RBI and the government, allegedly pushing the government's viewpoint.