T. R. Varadachary | |
|---|---|
| 7thChairman 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 seventhChairman of State Bank of India.[1][2]
He was a long time member of theIndian Banks' Association. His most notable achievement was the 1977Final 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 theIndian Institute of Banking and Finance from 1976 to 1977.[2]
He served as the seventhChairman of State Bank of India from August 1976 until April 1977.[1][2]
He served asChairman 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 predecessorRaj Kumar Talwar was replaced from his office. A report published in theIndia Today magazine claimed that T. R. Varadachary paid bribes to Indian politicians in order to become theChairman of State Bank of India.[4][5][6][7]
T. R. Varadachary's appointment as theChairman 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]