Panaji: Former Chairman of State Bank of India (SBI) P G Kakodkar passed away on Sunday following cardiac arrest in Panaji.
The family sources stated that 83-year-old former Banker passed away after suffering 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.
Condoling his death, GCCI President Manoj Caculo said that 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 distiction of which all Goans should be proud,” he said.
“Post retirement, he also served as chairman of GPSC. He had also shared his banking experience with Goans by heading chamber’s Banking and Finance Committee for two terms. We will always cherish his memory,” Caculo said.