Former chairman of State Bank of India (SBI) PG Kakodkar passed away in Panaji on Sunday. He had a cardiac arrest.
The family sources confirmed that the 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.