Kamalesh Chandra Chakrabarty

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Kamalesh Chandra Chakrabarty
In office
15 June 2009 – 20 March 2014
Personal details
Born (1952-06-27) 27 June 1952 (age 64)
India
Nationality Indian
Education Benaras Hindu University, Varanasi
Occupation Banker
Known for Deputy Governor of Reserve Bank of India

Kamalesh Chandra Chakrabarty or K.C. Chakrabarty, (born 27 June 1952) is an Indian Banker who served as one of the four Deputy Governors of the Reserve Bank of India (RBI) (India's central bank) from 15 June 2009 to 20 March 2014, resigning three months ahead of the completion of his term.[1][2] His current portfolio comprises Secretary's Department, Department of Banking Supervision, Financial Stability Unit, Human Resource Management Department, Rajbhasha Department, Department of Currency Management, Deposit Insurance and Credit Guarantee Corporation, Customer Service Department and the Rural Planning and Credit Department. He is also assigned coordination work.[3][4][5] [6] [7] .[8]

Dr. Chakrabarty has outstanding academic credentials. He is a second rank holder in his bachelor's degree in science, first rank holder gold medalist in M.Sc statistics and has a doctorate in statistics from the Banaras Hindu University. He started his career in teaching and research at the same University he worked for 26 years in the Bank of Baroda and went on to become Chairman of the Indian Bank and then Punjab National Bank before being appointed as Deputy Governor.[9]

Early life[edit]

The only son among six children to parents who migrated to India from East Pakistan after independence, Dr. Chakrabarty was Born in a Bengali Brahmin family in District Kandhmala in Orissa. He was later sent to Varanasi for education and completed most of his education in Uttar Pradesh, completing his graduation and post-graduation from Banaras Hindu University where he stood first in M.Sc., Statistics. He obtained his Ph.D. from the same University.[10]

Career[edit]

Chakrabarty began his professional career in teaching and research at the Banaras Hindu University where he taught for almost five years before joining Bank of Baroda where he worked for twenty six years reaching the position of General Manager.

He has held these positions in his career [11][12]

Contributions[edit]

Considered outspoken Dr. Chakrabarty is known for his contributions in the field of banking regulation and supervision, championing of rights of banks' customers, microfinance institutions, SMEs,[13] restructuring of India's Regional Rural Banks [14] etc.

He is also known for his contribution to the field of financial inclusion and financial literacy both in India and globally.[15][16]

References[edit]

  1. ^ "Govt notifies Chakrabarty's appointment at RBI". Livemint. 2009-06-08. Retrieved 2013-01-16. 
  2. ^ "Business Line : Today's Paper News : Chakrabarty to be RBI Dy Governor". The Hindu Business Line. 2009-06-03. Retrieved 2013-01-14. 
  3. ^ "Reserve Bank of India". Rbi.org.in. 2004-12-03. Retrieved 2013-01-14. 
  4. ^ Crabtree, James (2012-08-31). "India’s banks face balance sheet decline". FT.com. Retrieved 2013-01-14. 
  5. ^ Kumar, Anand (2012-12-24). "Industrial houses to get banking licence". Dawn.Com. Retrieved 2013-01-14. 
  6. ^ Our Bureau (2012-10-17). "Business Line : Industry & Economy / Banking : K.C. Chakrabarty to head the financial inclusion panel". The Hindu Business Line. Retrieved 2013-01-14. 
  7. ^ "Press Information Bureau English Releases". Pib.nic.in. Retrieved 2013-01-14. 
  8. ^ PTI Oct 15, 2012, 11.17PM IST (2012-10-15). "PSL norms for foreign banks: K C Chakrabarty dismisses criticism – Economic Times". Articles.economictimes.indiatimes.com. Retrieved 2013-01-14. 
  9. ^ Business Standard (2012-06-08). "K C Chakrabarty may get 2-yr extension as RBI dy governor". Business-standard.com. Retrieved 2013-01-14. 
  10. ^ Sangita Mehta, ET Bureau Jun 20, 2012, 04.13AM IST (2012-06-20). "KC Chakrabarty: Regulator with a sense of humour – Economic Times". Articles.economictimes.indiatimes.com. Retrieved 2013-01-14. 
  11. ^ http://rbidocs.rbi.org.in/rdocs/Content/PDFs/DRKCD170510.pdf
  12. ^ "Business Line : Today's Paper / MONEY & BANKING : K.C. Chakrabarty appointed RBI Deputy Governor". The Hindu Business Line. 2009-06-07. Retrieved 2013-01-16. 
  13. ^ "Apex bank to finalise report on sick units soon". Financialexpress.com. Retrieved 2013-01-16. 
  14. ^ "Press Information Bureau English Releases". Pib.nic.in. Retrieved 2013-01-16. 
  15. ^ "RBI's Chakrabarty discusses increasing financial inclusion". Central Banking. 2012-04-27. Retrieved 2013-01-16. 
  16. ^ "Analysis". Orfonline.org. 2012-05-10. Retrieved 2013-01-16.