Dipankar Basu was an Indian career banker who served as the fifteenth Chairman of the State Bank of India.

Life

He was born on 10 August 1935. He was born and raised in the Indian city of

Kolkata Kolkata, also known as Calcutta ( its official name until 2001), is the capital and largest city of the Indian state of West Bengal. It lies on the eastern bank of the Hooghly River, west of the border with Bangladesh. It is the primary ...

. He died on 15 February 2018 in

Education

He held a master's degree in Economics from

Delhi University The Delhi University (DU, ISO 15919, ISO: ), also and officially known as the University of Delhi, is a collegiate university, collegiate research university, research Central university (India), central university located in Delhi, India. It ...

Career

Early career

He joined the

State Bank of India State Bank of India (SBI) is an Indian Multinational corporation, multinational Public sector undertakings in India, public sector bank and financial service body headquartered in Mumbai. It is the largest bank in India with a 23% market shar ...

as a probationary officer in 1956 and served in a number of roles until finally becoming the

Chairman of State Bank of India The chairperson of the State Bank of India is the chief executive officer of India's largest scheduled commercial bank and the ''ex-officio'' chair of its Central Board of Directors. Since its establishment in 1955 by the government of India, th ...

in 1993.

Banking career

He served as the fifteenth

from 25 February 1993 until 31 August 1995. He was largely responsible for the bank's entry into the investment banking and mutual fund businesses and was instrumental in setting up SBI Capital Markets Ltd. and

SBI Mutual Fund SBI Mutual Fund is an Indian private asset management company introduced by the State Bank of India (SBI) and incorporated in 1987 with its corporate head office located in Mumbai, India. SBIFMPL is a joint venture between the State Bank of Indi ...

. After his retirement in 1995, he was succeeded by P. G. Kakodkar as the Chairman of the State Bank of India.

Later career

After having retired from the

in 1995, he was appointed as the non-executive chairman of the ''Sun Foreign & Colonial Asset Management'', which is currently a subsidiary of the

Principal Financial Group Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States. History PFG was first founded under the name Bankers Life Insurance Company. Ba ...

. He was nominated by the

Securities and Exchange Board of India The Securities and Exchange Board of India (SEBI) is the Regulatory agency, regulatory body for securities and commodity market in India under the administrative domain of Ministry of Finance (India), Ministry of Finance within the Government ...

to serve as a director of the

Calcutta Stock Exchange Calcutta Stock Exchange (CSE) was an Indian stock exchange based in Kolkata, India. It is owned by Ministry of Finance, Government of India. It is one of oldest stock exchanges in Asia and third largest bourse in India. It was founded in May ...

References

External links

Official Biography

Official Website

SBI chairmen

SBI history
{{DEFAULTSORT:Dipankar Basu Indian bankers State Bank of India Chairmen of the State Bank of India Indian corporate directors People from Kolkata 1935 births 2018 deaths