Congress attacks Narendra Modi and his government over RBI Governor Urjit Patel's resignation

He said the 'unceremonious exit' of Patel reflected the 'tyrannical regime' of Prime Minister Narendra Modi.

Congress leader Randeep Singh Surjewala tweeted: "Integrity of another institution -RBI, stands denigrated by a tyrannical Modi regime as reflected in RBI Governor’s unceremonious exit. Economic anarchy, compromising India’s monetary policies & attempting to stifle RBI’s independence by Govt appointed puppets is the DNA of BJP!."

In a major development, Urjit Patel on Monday quit as the Governor of the Reserve Bank of India.

Patel has cited 'personal reasons' as the cause behind taking the decision.

"On account of personal reasons, I have decided to step down from my current position effective immediately," Patel said in a statement.

"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 has been the proximate driver of the Bank’s considerable accomplishments in recent years. I take this opportunity to express gratitude to my colleagues and Directors of the RBI Central Board, and wish them all the best for the future," the Governor said.

Patel resigned from his position just days after the RBI board meeting was held. 

The meeting was held amid reports of a rift with the Central government.