Saturday, May 31, 2014

K C Chakrabarty - The accidental banker

.............. one should leave when people miss you and not when they "start kicking you". Second, he has still not been able to figure out the exact retirement age of RBI deputy governors. Sixty-two, we say. But Chakrabarty counters that by saying four of the previous deputy governors retired on either side of 62; in fact, most got extensions beyond 62 years. He doesn't understand why there should be different retirement age for different people and why such decisions should bead hoc or discretion-based. In fact, regarding one deputy governor, both the finance ministry and RBI wrote in the files that there is no retirement age for RBI deputy governors...............

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