Burra Venkatappaiah | |
|---|---|
| 4thChairman of State Bank of India | |
| Preceded by | P. C. Bhattacharya |
| Succeeded by | V. T. Dehejia |
| Personal details | |
| Nationality | Indian |
Burra Venkatappaiah was an Indian banker and was theChairman of State Bank of India from March 1962 until February 1965.[1]
He was also a career civil servant and a formerdeputy governor at theReserve Bank of India.[1]
He joined theImperial Civil Service in 1932 and served in a variety of roles in theBombay State secretariat.[1][2]
Prior to becoming the chairman of theState Bank of India, he served as the Deputy Governor of theReserve Bank of India.[3][4]
During his time at theReserve Bank of India, he played a key role in the drive towards the nationalization of theImperial Bank of India, as a result of which theState Bank of India was formed.[3]
He served as theChairman of State Bank of India from March 1962 until February 1965.[5]
During his tenure, at theState Bank of India, there was substantial growth in rural and agricultural credit and banking.[5]
He also headed the All India Rural Credit Survey Committee in 1954 (it came to be known as the Gorwala committee), which made several recommendations to expand bank credit towards the rural and agricultural sector.[6]
B. Venkatappiah played a key role in the documentation of the bank's history. Under his aegis, a separate Historical Research Department was set up at the Bank's Head Office atMumbai. Several historical researchers worked at the department. As a result, a multi-volume historical treatiseEvolution and History of the State Bank of India was published.[5]
It was also during his tenure on 1 February 1965, that Hyderabad Circle was carved out of the erstwhile Madras Circle, in order to cater to the customers ofTelangana andAndhra Pradesh.[7]
He has also served as a board member at theInstitute of Public Enterprise, an educational institute inHyderabad.[8]