International Business

Chakrabarty quits PNB to take charge as RBI deputy governor

Punjab National Bank CMD K C Chakrabarty has quit his post after his appointment as RBI Deputy Governor. - Three financial giants interested to buy UTI AMC"s 26% stake - No drastic reduction in interest rates in long term: PNB - Punjab National Bank to leverage technology for business growth - Commercial banks better prepared to take credit risks - FII-TO-FII: Pantaloon traded at 5% premium - Sidhartha: Well-prepared for the job">Sidhartha: Well-prepared for the job "K C Chakrabarty has demitted office on June 14, 2009 on his appointment as Deputy Governor, Reserve Bank of India," PNB said in a filing to the Bombay Stock Exchange. Chakrabarty"s appointment to RBI came in place of V Leeladhar who had retired in December. RBI has four deputy governors, of whom Rakesh Mohan has resigned to take a teaching profession in Stanford University in the United States.

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