As a part of MDIs Business Thought Leaders (BTL) talk series MDI had the privilege of hosting the Chairman and Managing Director of Punjab National Bank (PNB) Dr. K. C. Chakrabarty for an enlightening and entertaining talk on 27th Dec 2008.

PNB as we all know is one of the top public sector banks in the country. As for Dr. Chakrabarty, he is a very well known and respected figure in the banking sector in India.

Dr. Chakrabarty, a Gold Medalist in M.Sc. (Statistics), did his Ph.D. in Statistics from BHU, Varanasi. He joined Bank of Baroda as Planning Officer in 1978 and progressed to the post of General Manager in a short span.  He held important positions in Bank of Baroda. He was in charge of the bank's corporate planning, MIS, Economic research and IT departments. He also headed resource management function at corporate office, Mumbai and Integrated treasury function and Bank's corporate risk management function. In 2004, Dr. Chakrabarty was elevated to the post of Executive Director in Punjab National Bank and assumed charge as Chairman & Managing Director of the Bank on 9th June 2005.  Presently, he is also director of United India Insurance Company Limited and member of Management Committee of Indian Bank Association.Dr. Chakrabarty has also held key positions in various  government committees and other government bodies.

He began his talk by sharing his experiences in the Banking sector focussing on how the sector has evolved over the years. On request by the ManDevIans present he provided insights on the current financial crisis - its cause, impact and how he sees it affecting the banking sector especially in the time to come.

He readily answered the numerous queries of ManDevIans, at times with a humorous take on the ongoing financial crisis. With a view on the upcoming final placements of the graduating class he advised everyone to be patient and remain hopeful in spite of the grim scenatrio evident all around.

His insightful talk coupled with his lively disposition on the dias made it a memorable evening for all concerned.

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