The Deputy Governor of the Reserve Bank of India Dr K. C. Chakrabarty has resigned, three months ahead of the completion of his term. An RBI spokesperson said, Dr. Chakrabarty has requested for slightly earlier departure than scheduled term end on personal reasons. He is the first RBI top official to quit before retirement in the last two decades. With Chakrabarty moving out, two posts of deputy governor will fall vacant as the government has not yet brought in any replacement for Anand Sinha, who retired two months ago. Chakrabarty was appointed as RBI deputy governor for a three-year term in June, 2009, and was subsequently given a two-year extension.