Former State Bank of India (SBI) chairman P G Kakodkar died in Panaji on Sunday due to a cardiac arrest. His family sources said that 83-year-old former banker passed away after suffering a cardiac arrest. He was also working on the Managing Committee of Goa Chamber of Commerce and Industries (GCCI).
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He was also on the Managing Committee of Goa Chamber of Commerce and Industries (GCCI). In the year 1957, Kakodkar joined SBI as a probationary assistant and retired as chairman of the bank on March 31, 1997. He achieved several milestones, and a key factor during his tenure as a chairman of SBI. He is credited with the entry of the bank into the global capital markets by its GDR issue. From 1997 to 1999 he has served as a chairman of Goa Public Service Commission.
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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.
