RBI deputy governor resigns before end of term

MUMBAI Thu Mar 20, 2014 10:10pm IST

The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai October 29, 2013. REUTERS/Danish Siddiqui/Files

The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai October 29, 2013.

Credit: Reuters/Danish Siddiqui/Files

Related Topics

MUMBAI (Reuters) - The Reserve Bank of India's (RBI) Deputy Governor Kamalesh Chandra Chakrabarty has submitted his resignation because of personal reasons, the RBI's spokeswoman said on Thursday.

The deputy governor asked the finance ministry, which is in charge of central bank appointments, to be relieved of his position by April 25, earlier than the end of his term on June 30, according to the spokeswoman.

"Dr. Chakrabarty has requested for slightly earlier departure," said the spokeswoman in a message, attributing the request to "personal reasons," without providing more details.

Chakrabarty was appointed as deputy governor at the RBI on June 2009 for three years and received a two-year extension in 2012. He looked after key departments, including banking supervision, currency management, and financial stability.

Chakrabarty is currently one of three deputy governors at the central bank, following the retirement of Deputy Governor Anand Sinha in January.

Chakrabarty's resignation comes before the central bank is due to hand out new bank licences, expected within the next couple of weeks, although he was not directly in charge of the selection process.

(Reporting by Neha Dasgupta; Editing by Rafael Nam)

FILED UNDER:

Reforms Push

REUTERS SHOWCASE

Reuters Exclusive

Reuters Exclusive

India looks to sway Americans with nuclear power insurance plan  Full Article 

To Boost Growth

To Boost Growth

Crank up public spending to revive growth - chief economic adviser.   Full Article 

Bold Steps

Bold Steps

SpiceJet rescue plan marks bold bet on Indian aviation recovery.   Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Online Sales

Online Sales

Knock knock. Who's there? Amazon's best-selling holiday author.  Full Article 

26/11 Plotter

26/11 Plotter

Pakistan to challenge bail for Mumbai attack "mastermind".  Full Article 

Chinese Economy

Chinese Economy

China revises up size of 2013 economy, sees no effect on 2014 growth.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage