RBI governor Urjit Patel should be persuaded to stay: Subramanian Swamy

Swamy said if Patel resigned then it would be a 'direct consequence' of Finance Minister Arun Jaitley's comments effectively blaming the central bank for bad loans

A top ally of Indian Prime Minister Narendra Modi, who was key in a campaign to oust a former central bank chief, has come out in support of Governor Urjit Patel in his current dispute with the government.

Subramanian Swamy -- a member of Modi’s ruling party whose criticism of Raghuram Rajan and the absence of any backing from the government contributed to him not seeking a second term as central bank chief in 2016 -- said Patel should remain in his post. That followed a week of drama as the central bank stands its ground in cleaning up a banking