No differences with Governor Raghuram Rajan, says K C Chakrabarty


Reserve Bank Deputy Governor K C Chakrabarty said there was no difference of opinion with the Governor and his resignation was a personal decision.

The 62-year old career banker, who had opted to quit RBI ahead of the scheduled date of June 15, 2014, said he had already informed RBI Governor Raghuram Rajan about his retirement plans and would remain in office till April 25.

“I think I should have the discretion of deciding my own retirement date. Absolutely there is no problem; this was communicated to Governor well in advance. It was my personal decision,” he told.

On whether there was any difference with Rajan over policy matters, the outspoken Chakrabarty said: “There is no such problem… I am taking early relieve. I am not running away”.
As regards future plans, he said he will think about it after April 25. “At present there is no plan”.

When asked if he was going to meet Finance Minister P Chidambaram, he said that he reports to RBI Governor and has conveyed to him the decision to leave RBI. “I think he (Rajan) must have done that thing (to the Finance Minister),” he said.