T. R. Varadachary

T. R. Varadachary was an Indian career banker who served as the seventh Chairman of State Bank of India.

Career

Early career

He was a long time member of the Indian Banks' Association. His most notable achievement was the 1977 Final Report of the Working Group on Customer Service in Banks which played a major role in improving the customer service in Indian banks.

He also served as the Vice President of the Indian Institute of Banking and Finance from 1976 to 1977.

Controversies

He is notable for the acrimonious circumstances in which his predecessor Raj Kumar Talwar was replaced from his office. A report published in the India Today magazine claimed that T. R. Varadachary paid bribes to Indian politicians in order to become the Chairman of State Bank of India.

T. R. Varadachary's appointment as the Chairman of State Bank of India later became the subject of a major court case and was reported on by all the major Indian newspapers.