https://indianpedia.org/index.php?action=history&feed=atom&title=G._G._VaidyaG. G. Vaidya - Revision history2026-07-31T20:38:14ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=G._G._Vaidya&diff=161275&oldid=previmported>MrsSnoozyTurtle at 08:43, 19 July 20212021-07-19T08:43:12Z<p></p>
<p><b>New page</b></p><div>{{Short description|Indian career banker}}<br />
{{Notability|1=Biographies|date=July 2021}}<br />
{{Use Indian English|date=June 2021}}<br />
{{Use dmy dates|date=June 2021}}<br />
{{Infobox officeholder<br />
| name = G. G. Vaidya<br />
| image = <br />
| caption = <br />
| birth_date = <br />
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| death_date = <br />
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| office = 19th [[Chairman of State Bank of India]]<br />
|predecessor = [[M. P. Radhakrishnan]]<br />
|successor = [[Janki Vallabh]]<br />
|nationality = [[India]]n<br />
| spouse = <br />
| parents = <br />
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}}<br />
'''G. G. Vaidya''' was an Indian career banker who served as the nineteenth [[Chairman of State Bank of India]].<ref name="auto1">{{Cite web|date=February 3, 2000|title=State Bank Of India|url=https://hemindrahazari.com/wp-content/uploads/2019/05/SBI-BUY-3-Feb-2000.pdf|url-status=live|access-date=June 6, 2021|website=hemindrahazari.com}}</ref><ref name="auto3">{{Cite web|last=Admin|date=2021-05-27|title="State Bank of India- Story of the Largest Bank in India"|url=https://edifying.in/state-bank-of-india-story-of-the-largest-bank-in-india/|access-date=2021-06-06|website=edifying-worth to know about {{!}} A Complete Guide to increase your awareness {{!}} News Articles &more {{!}}{{!}}|language=en-US}}</ref><br />
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== Personal life ==<br />
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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]].<ref>{{Cite web|url=https://economictimes.indiatimes.com/industry/banking/finance/banking/ashish-vaidya-banking-in-genes-ubs-executive-director-is-trading-success-stories/articleshow/15915069.cms?from=mdr|title=Ashish Vaidya: Banking in genes, UBS Executive director is 'trading' success stories|first=Ruchira|last=Roy|via=The Economic Times}}</ref><br />
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== Career ==<br />
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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.<ref>{{Cite web|url=https://www.business-standard.com/article/opinion/tamal-bandyopadhyay-the-hunt-for-the-sbi-chief-106051801133_1.html|title=Tamal Bandyopadhyay: The hunt for the SBI chief|first=Tamal|last=Bandyopadhyay|date=18 May 2006|via=Business Standard}}</ref><br />
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He served as the nineteenth [[Chairman of State Bank of India]] from 1 February 1999 until 31 October 2000.<ref name="auto1"/><ref name="auto3"/><br />
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It has been claimed that he was largely responsible for the bank's adoption of new technology, primarily the core banking solution known as CBS:<ref name="businesstoday.in">{{Cite web|url=https://www.businesstoday.in/magazine/features/state-bank-of-india-pratip-chaudhuri-icici-bank-state-bank-of-indore/story/208618.html|title=SBI's first woman chairperson Arundhati Bhattacharya is ringing in change|website=www.businesstoday.in}}</ref><br />
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{{Quote<br />
|text=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 [[Arun Kumar Purwar|Purwar]]'s tenure and completed in July 2008 when [[O. P. Bhatt|Bhatt]] was the bank's chairman. <br />
|author= [[Business Today (India)]]<ref name="businesstoday.in"/><br />
}}<br />
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== Legacy ==<br />
He was responsible for a number of financial innovations being introduced to the Indian Banking Industry during his tenure. For example, the '''India Millennium Deposit''' bonds were introduced during his tenure. The objective of the bonds was to raise deposits from non-resident Indians for the purpose of contributing funds towards India's infrastructure and growth.<ref>{{Cite web|url=https://zeenews.india.com/home/sbi-launches-india-millennium-deposit-for-nris_3170.html|title=SBI launches India Millennium Deposit for NRIs|date=18 October 2000|website=Zee News}}</ref><ref>{{Cite web|url=https://www.rediff.com/money/2000/oct/09imd.htm|title=rediff.com: Business News: India Millennium Deposit not to be sold in the US|website=www.rediff.com}}</ref><br />
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It was also during his tenure that [[State Bank of India]] entered the insurance sector and started selling life insurance.<ref>{{Cite web|url=https://www.rediff.com/business/1999/aug/05sbi.htm|title=Rediff On The NeT Business News: SBI to enter life insurance and gold businesses|website=www.rediff.com}}</ref><br />
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== References ==<br />
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== External links ==<br />
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* [https://www.business-standard.com/article/opinion/tamal-bandyopadhyay-the-hunt-for-the-sbi-chief-106051801133_1.html Official Biography]<br />
* [https://hemindrahazari.com/wp-content/uploads/2019/05/SBI-BUY-3-Feb-2000.pdf SBI chairmen]<br />
* [https://edifying.in/state-bank-of-india-story-of-the-largest-bank-in-india/ SBI history]<br />
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{{SBI}}<br />
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[[Category:Indian bankers]]<br />
[[Category:State Bank of India]]<br />
[[Category:Chairmen of the State Bank of India]]</div>imported>MrsSnoozyTurtle