WEDNESDAY, MAY 22, 2024
PTI, PanjiM: Former chairman of State Bank of India (SBI) P G Kakodkar died in Panjim on Sunday following a cardiac arrest.
The family sources stated that 83-year-old former banker passed away after suffering a cardiac arrest.
He was also on the Managing Committee of Goa Chamber of Commerce and Industries (GCCI).
Kakodkar joined SBI as a probationary assistant in the year 1957 and retired as chairman of the bank on March 31, 1997.
During his tenure as chairman of the SBI, he was instrumental in the bank achieving several milestones.
He is credited with the entry of the bank into the global capital markets by its GDR issue.
He also served as chairman of Goa Public Service Commission from 1997 to 1999.
Popularly known as Guru Bab he authored the book "My 40 years with SBI" and had many more feathers in his cap.
Condoling his death, GCCI President Manoj Caculo said the chamber mourns the sad demise of Kakodkar.
"In his death, Goa has lost an illustrious son. He retired as the chairman of SBI, the largest public sector bank in the country, a rare distinction of which all Goans should be proud of," he said.
"Post retirement, he also served as chairman of GPSC (Goa Public Service Commission). He had also shared his banking experience with Goans by heading chambers Banking and Finance Committee for two terms. We will always cherish his memory," Caculo said.
Leader of the Opposition in his condolence message said he was deeply pained by the passing away of Kakodkar
“Deeply pained by the passing away Ex-Chairman of State Bank of India, Ex Chairman of Goa Public Service Commission P G Kakodkar,” he said.
He said, "Kakodkar was one of the icons of Goa with effective decision making skills and was a good friend, philosopher, guide and was always humble and inspite of being on such a high positions he maintained simplicity. He always had a connect with Motherland Goa," he added.
