T. R. Varadachary | |
---|---|
7th Chairman of State Bank of India | |
Preceded by | Raj Kumar Talwar |
Succeeded by | P. C. D. Nambiar |
Personal details | |
Nationality | Indian |
T. R. Varadachary was an Indian career banker who served as the seventh Chairman of State Bank of India. [1] [2]
He was a long time member of the Indian Banks' Association. His most notable achievement was the 1977 Final Report of the Working Group on Customer Service in Banks which played a major role in improving the customer service in Indian banks. [3]
He also served as the Vice President of the Indian Institute of Banking and Finance from 1976 to 1977. [2]
He served as the seventh Chairman of State Bank of India from August 1976 until April 1977. [1] [2]
He served as Chairman of State Bank of India for just 269 days and had one of the shortest stints at the post. [4]
He is notable for the acrimonious circumstances in which his predecessor Raj Kumar Talwar was replaced from his office. A report published in the India Today magazine claimed that T. R. Varadachary paid bribes to Indian politicians in order to become the Chairman of State Bank of India. [4] [5] [6] [7]
T. R. Varadachary's appointment as the Chairman of State Bank of India later became the subject of a major court case and was reported on by all the major Indian newspapers. [8]
T. R. Varadachary | |
---|---|
7th Chairman of State Bank of India | |
Preceded by | Raj Kumar Talwar |
Succeeded by | P. C. D. Nambiar |
Personal details | |
Nationality | Indian |
T. R. Varadachary was an Indian career banker who served as the seventh Chairman of State Bank of India. [1] [2]
He was a long time member of the Indian Banks' Association. His most notable achievement was the 1977 Final Report of the Working Group on Customer Service in Banks which played a major role in improving the customer service in Indian banks. [3]
He also served as the Vice President of the Indian Institute of Banking and Finance from 1976 to 1977. [2]
He served as the seventh Chairman of State Bank of India from August 1976 until April 1977. [1] [2]
He served as Chairman of State Bank of India for just 269 days and had one of the shortest stints at the post. [4]
He is notable for the acrimonious circumstances in which his predecessor Raj Kumar Talwar was replaced from his office. A report published in the India Today magazine claimed that T. R. Varadachary paid bribes to Indian politicians in order to become the Chairman of State Bank of India. [4] [5] [6] [7]
T. R. Varadachary's appointment as the Chairman of State Bank of India later became the subject of a major court case and was reported on by all the major Indian newspapers. [8]