India
oi-Vicky Nanjappa
Mumbai, Mar 26: Former Deputy Governor of Reserve Bank K C Chakrabarty passed away following a heart attack on Friday. He was 68.
Chakrabarty, a commercial banker-turned-central banker, died at his home in suburban Chembur, banking industry sources said.
After his stint at state-run lenders like Bank of Baroda, Indian Bank and Punjab National Bank, the outspoken Chakrabarty had joined the RBI as a DG in 2009 and resigned in 2014, three months before his term ended.
Before banking, Chakrabarty had taught at the Banaras Hindu University before entering commercial banking.
At RBI, he handled a variety of departments including banking regulation and supervision as the DG.
Following reports of an “RBI official” putting question marks over policy efficacy in tackling inflation, he was stripped of many responsibilities by the then Governor D Subbarao, and was left with only the…