Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India requested a slightly earlier departure (on April 25, 2014) than the scheduled term end, for personal reasons. His term was scheduled to end on June 30, 2014.

The Reserve Bank is very grateful for his many years of excellent work in very difficult times. Dr. Chakrabarty always speaks his mind, and has been a very valuable guide for successive governors. In recent years, Dr. Chakrabarty has spearheaded the Reserve Bank’s move towards risk-based supervision. His experience as a banker has given him the ability to diagnose weaknesses in the system, and made him a forceful advocate for change. "I personally have benefited enormously from his advice", Governor Dr. Raghuram Rajan said.

A search is on for his successor.

Alpana Killawala

Principal Chief General Manager

Deputy Governor early departure prompts search for successor and acknowledges leadership in risk-based supervision at RBI. Deputy Governor K. C. Chakrabarty requested an early departure effective April 25, 2014, ahead of his scheduled term end on June 30, 2014, for personal reasons; the Reserve Bank recorded gratitude for his service, highlighted his leadership in moving the Bank toward risk-based supervision, and stated that a search for his successor is underway.