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{{Use Indian English|date=July 2015}}
{{Use dmy dates|date=July 2015}}
{{Infobox officeholder
| name = Paresh Chandra Bhattacharya
| image =
| image_size =
| office = 7th [[List of Governors of Reserve Bank of India|Governor of Reserve Bank of India]]
| caption =
| birth_name =
| birth_date = 1903
| birth_place = [[West Bengal]], India
| death_date =
| death_place =
| resting_place =
| resting_place_coordinates =
| residence =
| nationality = [[India]]n
| known_for = Governor, RBI; Finance Secretary; Chairman, SBI
| predecessor = [[H. V. R. Iyengar]]
| successor = [[L. K. Jha]]
| education = M.A.
| alma_mater = [[University of Calcutta]]
| occupation = Civil Servant, Banker
| title =
| party =
| spouse =
| partner =
| children =
| signature =
| website =
|term_start = 01 March 1962
|term_end = 30 June 1967
| footnotes =
}}

'''Paresh Chandra Bhattacharya''' [[Order of the British Empire|OBE]] (born 1 March 1903)<ref>{{Cite web | url=https://books.google.com/books?id=CnwYAAAAMAAJ&q=%22Bhattacharya,+Paresh+Chandra%22 | title=Who's who in India| year=1967}}</ref> was the seventh Governor of the [[Reserve Bank of India]] from 1 March 1962 to 30 June 1967.<ref name="RBI">{{cite web
|url =http://www.rbi.org.in/scripts/governors.aspx#bhatt
|title =P C Bhattacharya
|access-date =2008-09-15
|publisher =Reserve Bank of India}}</ref> Unlike his predecessors he was a member of the [[Indian Audits and Accounts Service]] (IA&AS). He was appointed an Officer of the [[Order of the British Empire]] (OBE) in the [[1946 New Year Honours]].<ref>{{London Gazette|issue=37598|supp=y|page=2789|date=4 June 1946}}</ref> He served as Secretary in the [[Ministry of Finance (India)|Finance Ministry]] and later as [[Chairman of State Bank of India]] before his appointment as the Governor.<ref name="RBI" />

As RBI Governor he strongly opposed the [[Nationalization|nationalising]] of private banks in India,<ref name="nationalising">[https://books.google.com/books?id=_ZEwAAAAQBAJ&lpg=PT91&dq=%22p%20c%20bhattacharya%22%20born%20died&pg=PT103#v=onepage&q&f=false The Congress Split] Accidental India: A History of the Nation's Passage through Crisis and Change
By [[Shankkar Aiyar]]</ref> by writing a letter to the then Deputy Prime Minister [[Morarji Desai]] warning about the costs of nationalising the banks saying it was not desirable.<ref name="nationalising" /> During his tenure the size of the currency notes of denomination 5, 10 and 100 were reduced in size for economic reasons.<ref>[https://web.archive.org/web/20160306153524/http://www.in.com/p-c-bhattacharya/biography-213281.html P. C. Bhattacharya Bio] In.com Retrieved on 23 August 2013</ref>

Bhattacharya's tenure saw the establishment of the [[Industrial Development Bank of India]] in 1964, the Agricultural Refinance Corporation in 1963 and the [[Unit Trust of India]] in 1964.

The banknotes signed by P C Bhattacharya have very high resale value in the grey market because of their rarity. A 10 rupee note signed by Bhattacharya fetches 800 to 1000 rupees today.<ref>{{cite web|url= http://goldencollection.co.in/10-rupees-note-p-c-bhattacharya-1962-price-value-buyer-phone-number/|title= 10 Rupee Bank Note P V Bhattacharya| work= Golden Collection | access-date=2019-06-23}}</ref> During his tenure as Governor of RBI, the size of the bank notes of Rs 5, 10 and 100 denominations had been reduced to cut cost of production, which make these notes relatively rare in the collectors market.

==References==
{{reflist}}
{{Governors of Reserve Bank of India}}
{{SBI}}

{{DEFAULTSORT:Bhattacharya, P C}}
[[Category:Governors of the Reserve Bank of India]]
[[Category:Indian bankers]]
[[Category:Indian civil servants]]
[[Category:Officers of the Order of the British Empire]]
[[Category:1903 births]]
[[Category:University of Calcutta alumni]]
[[Category:Year of death missing]]
[[Category:Place of birth missing]]
[[Category:Place of death missing]]

{{India-politician-stub}}

P. C. Bhattacharya - Revision history

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