G. G. Vaidya

G. G. Vaidya was an Indian career banker who served as the nineteenth Chairman of State Bank of India.

Personal life

He has one son, Ashish Vaidya, who like him is also a banker, having worked for HDFC Bank. Ashish Vaidya is currently Head of Trading at the Swiss Bank UBS.

Career

He joined the State Bank of India as a probationary officer and served in a number of roles until finally becoming the Chairman of State Bank of India in 1999.

He served as the nineteenth Chairman of State Bank of India from 1 February 1999 until 31 October 2000.

Quote It was during G.G. Vaidya's tenure that the bank began harnessing technology to streamline operations. In early 2000, the bank laid the foundation of core banking solution (CBS). A CBS allows customers to operate their bank account from anywhere and anytime. The actual implementation started in 2003 during Purwar's tenure and completed in July 2008 when Bhatt was the bank's chairman. — Business Today (India)

It was also during his tenure that State Bank of India entered the insurance sector and started selling life insurance.