Former RBI Deputy Governor KC Chakrabarty Passes Away

Mumbai:- Former Reserve Bank of India (RBI) Deputy Governor Kamalesh Chandra Chakrabarty passed away in Mumbai last Friday morning following a heart attack.

Chakrabarty, 68 years old, was the Deputy Governor of the central bank between June 15, 2009 and April 25, 2014. He left office three months before his tenure ended. He also served as the Chairman and Managing Director of Punjab National Bank (2007-2009) and CMD of Indian Bank (2005-2007).

He was noted for his contributions to advancing financial inclusion and financial literacy during his time at the central bank.

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Chakrabarty was born on 27 June 1952 in a Bengali Brahmin family in District Kandhmala in Orissa. He was the only son of six children born to parents who migrated to India from East Pakistan after independence. He moved to Varanasi and completed most of his education in the Indian state of Uttar Pradesh.He completed his Bachelor’s degree in science and a Master’s degree in science with a specialization in statistics from the Banaras Hindu University. He was a second rank holder during his bachelor’s degree and a first rank gold medalist during his master’s degree. He went on to complete his Doctorate in Philosophy in statistics from the same university.

Positions

Chakrabarty held these positions in his career
Chief executive, United Kingdom operations, Bank of Baroda between 2001 and 2004
Executive director, Punjab National Bankin 2004
Chairman & managing director, Indian Bank between 2005 and 2007
Chairman & managing director, Punjab National Bankbetween 2007 and 2009
Deputy Governor Reserve Bank of India between 2009 and 2014

Chakrabarty was married and had a son.

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