In an interview with Network 18 Group Editor-in-Chief Rahul Joshi, Reserve Bank of India Governor Urjit Patel said he was open to valid criticism.
It is important to develop a thick skin and focus on the work at hand by shrugging off criticism, Reserve Bank of India (RBI) governor Urjit Patel told Network 18 on Thursday.
“I think that it is important that one grows a thick skin fast in this business and I think we have done that,” Patel said in an exclusive interview with Moneycontrol and CNBC-TV18.
RBI had to face the brunt of the criticism around the sudden demonetisation in November that set in motion the world’s largest currency recall exercise.
“We have gone about our work, we had undertaken major challenges during these past few months and valid criticism is something that we are open for and we take it in the spirit in which it is given and try to improve ourselves," Patel said.
"But, everyone also agrees that not only the RBI, but the wider banking system has done a Herculean job over the last few months and over this period when there were many challenges. That is also important to keep in mind given the scope of the challenge, how far people worked to get over them,” he said.