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Former RBI Deputy Governor K. C. Chakrabarty Passes Away.

Obituary | Dated: 30 Mar 2026

Eminent commercial banker and former Deputy Governor of the Reserve Bank of India, Dr. K. C. Chakrabarty, passed away due to a cardiac arrest at the age of 74 in Mumbai. He was profoundly known for his immense contribution to financial inclusion.

🎯 Key Highlights:

  • He strictly mandated zero-balance basic savings accounts for the poor.
  • Before RBI, he served as the Chairman and Managing Director of Punjab National Bank.
  • He constantly advocated for heavy consumer protection in banking services.

💡 Other Important Facts:

  • Person: K. C. Chakrabarty.
  • Former Role: RBI Deputy Governor.
  • Focus: Financial Inclusion.

📚 Test Your Knowledge:

Dr. K. C. Chakrabarty, who passed away recently, was an eminent personality who formerly served as the Deputy Governor of which institution?

Correct Answer: Reserve Bank of India

🚀 Quick Recap:

About K. C. Chakrabarty

  • RBI Tenure - 2009 to 2014
  • Key Contribution - Financial Inclusion and Customer Service