Punjab National Bank Chairman and Manging Director K C Chakrabarty is likely to take over as deputy governor of the Reserve Bank of India (RBI).

Chakrabarty would succeed V Leeladhar as the deputy governor in charge of banking in the apex bank.

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New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15%

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