Dr. Kamalesh Chandra Chakrabarty, Chairman and Managing Director, Indian Bank never chased success. Instead he searched for happiness. He found it in the banking sector doing exactly what he loved and it was just the matter of time that success too followed. Chakrabarty, Gold Medalist in M.Sc (Statistics) and Ph.D from Benaras Hindu University, Varanasi, hitherto Executive Director of Punjab National Bank, assumed charge as Chairman and Managing Director of Indian Bank on 9th June 2005. He was lecturer in his initial phase of career and thereafter joined Bank of Baroda. Chakrabarty has gathered a wide panorama of experience in his 26 years in Banking.

He has held the following important positions in Bank of Baroda, prior to assuming charge as Executive Director of Punjab National Bank, Overseeing Lead Bank Scheme for all Lead Districts of Gujarat; Incharge of Corporate Planning, MIS, Economic Research and Information Technology; Head, Resources Management; Head, Integrated Treasury; Head, Corporate Risk Management; Chief Executive (U.K. Operations). Widely travelled, he has also attended the international banking summer school in Austria besides UK and Europe on business development and consumer contacts. Aside from these, he has also held important posts such as Director, Central Depository Service Ltd (CDSL); Director, BOB Housing Finance Limited; Director, Bareilly Corporation Bank; Member, Committee on Direction on Banking Statistics; Member Co-ordinator, Committee of Transfer Price Mechanism; Member, IBA Committee of Economists; Member, Committee constituted by IBA to study the experience of Financial Sector Reforms in select South-East Asian Countries.

Chakrabarty is a man who has taken every care to ensure that every penny goes to its designated place and earns maximum dividends for the bank. And the result of his efforts are for everyone to see, the Indian Bank today is one of the most successful Banks in India and is fast growing with every passing year. Chakrabarty is a firm believer in deeds rather than words. A visionary, known for his banking skills, Chakrabarty, has taken energetic steps to transform the Bank's base. One of the positive outcomes was that Indian Bank made a net profit of Rs.242 crore for the first half of the current year - the first 'quality' net profit in a decade, because it is more than the interest earned on re-capitalisation bonds.

"Until now the bank was recovering, now it is healthy", Chakrabarty said. Chakrabarty was also instrumental for the launch of 'multi-city banking'. These multi-city cheques are substitute demand drafts. The facility enables immediate credit to the beneficiary's account. This has been possible because Chakrabarty brought 150 of the bank’s branches under 'core banking solutions', under which transactions at all the networked branches are processed at a centralised server. This would also help the bank augment its resources and invest in areas, which are more profitable for the bank. There is no doubt that Chakrabarty played a key role in enhancing the Bank's profitability by improving the bank's efficiency in some of the vital areas of the banking. When an organization has a man like Chakrabarty at top, it could certainly bank on his talent and strength.