RBI Deputy Guv KC Chakrabarty resigns on personal grounds

Written By Unknown on Kamis, 20 Maret 2014 | 23.06

Chakrabarty's early exit will result in two deputy governor posts becoming vacant. The first one came after Anand Sinha's retirement in January.

The deputy governor of Reserve Bank of India (RBI) KC Chakrabarty has officially submitted his resignation quoting personal grounds today, say sources.

Chakrabarty's term was supposed to end on June 15 this year and he is likely to serve his notice period till April-end.

Chakrabarty was appointed as RBI deputy governor in June 2009 for a three-year term and was later given a two-year extension till 2014.

Chakrabarty's early exit will result in two deputy governor posts becoming vacant. The first one came after Anand Sinha's retirement in January.

The finance ministry has set up a search committee to look at replacements for both the posts.

Executive Director R Gandhi's name is making the rounds for Sinha's post while five bankers are in the fray for the top job. These include KR Kamath of Punjab National Bank , SS Mundra of Bank of Baroda , VR Iyer of Bank of India , RK Dubey of  Canara Bank and M Narendra of Indian Overseas Bank .

With Chakrabarty's exit, the ministry will have to speed up the process of selection.


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