‘Yet to decide on future plans’

Reserve Bank of India Deputy Governor KC Chakrabarty on Friday asserted that he had not resigned from his post, but had only sought ‘early retirement’.

This was purely a ‘personal decision’, not prompted by any policy-related differences within the central bank or with the Finance Ministry, Chakrabarty told reporters on the sidelines of the 35th Skoch summit in the capital.

“I am still an RBI Deputy Governor. My retirement date was in June. Now, it will be earlier, after office hours on April 25,” he said, adding that RBI was informed well in advance.

Chakrabarty said it was entirely up to him as to when he would like step down from his post and not be dictated by somebody else’s decision on the same.

“I report to the RBI Governor. He is my boss. I think he will convey my decision to everybody. I had requested him to relieve me on April 25,” he said when asked if he would meet Finance Minister P Chidambaram here on Friday.

Future plans

Chakrabarty preferred to keep his future plans close to his chest and said they may be disclosed only after April 25.

“Up to April 25, I will focus all the 17 hours on RBI work. After that date, I will think what I am going to do. At present, there is no plan.” Asked if he was exploring any foreign assignment, he said all this is in the air. “Many people say many things. I may even go to the moon (to open a bank)”, he quipped.

Meanwhile, a search committee has been set up to look for a successor to Chakrabarty at the RBI.


(This article was published on March 21, 2014)
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