Dr KC Chakrabarty, the Deputy Governor of the Reserve Bank of India resigned on 20 March 2014. His resignation came three months ahead of the completion of his term due to personal reasons.
Chakrabarty was appointed as RBI deputy governor for a three-year term in June 2009, and was subsequently given a two-year extension. In past two decades, Chakrabarty is the first top official of RBI to resign before retirement.
His resignation has left two posts of deputy governor of RBI vacant. Earlier, Anand Sinha retired from the position of Deputy Governor of RBI on 20 January 2014 and till now the government has not brought any replacement for him.
RBI as its official Directors have a Governor and four Deputy Governors (which must not exceed).