Borra Venkatappaiah

Burra Venkatappaiah was an Indian banker and was the Chairman of State Bank of India from March 1962 until February 1965.

He was also a career civil servant and a former deputy governor at the Reserve Bank of India.

Prior to becoming the chairman of the State Bank of India, he served as the Deputy Governor of the Reserve Bank of India.

During his time at the Reserve Bank of India, he played a key role in the drive towards the nationalization of the Imperial Bank of India, as a result of which the State Bank of India was formed.

During his tenure, at the State Bank of India, there was substantial growth in rural and agricultural credit and banking.

Legacy

B. Venkatappiah played a key role in the documentation of the bank's history. Under his aegis, a separate Historical Research Department was set up at the Bank's Head Office at Mumbai. Several historical researchers worked at the department. As a result, a multi-volume historical treatise Evolution and History of the State Bank of India was published.

He has also served as a board member at the Institute of Public Enterprise, an educational institute in Hyderabad.