Reserve Bank of India Governor, Urjit Patel has seemingly pleased the locals of his native Mahuda village in Gujarat. Following the demonetisation move, that saw the government impose a ban on Rs 500 and 1000 notes, the country saw the apex bank struggle with management and proper cash disposal issues. However, none of the inconvenience has fazed the people of Mahuda, as they claim to be more than happy with Urjit's work. Jagdish Patel, Urjit's cousin brother, who still lives in the area, said whenever he calls up his aunt (Urjit's mother), he often gets to talk to him as well. Even though he was born in Nairobi and raised out of the country, he still speaks fluent Gujarati.
There are seven banks in the area; four national and three co-operative. Like all the banks across India, these banks too remain cashless. People have to stand in hour-long queues to withdraw a particular amount of money, but the feeling of national interest is so strong, they don't mind standing. Locals have welcomed the move. Social leader and banker Sarang Parikh said the major decision taken by the government was bound to bring about change and some difficulties, however, if it benefits the country, citizens should bear with the temporary consequences. School teacher Dinesh Trivedi said the troubles are shortlived, and the ban will only help in inflation and debt.
