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Thursday, May 02, 2002

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A banking stalwart

Sir, — The passing away a few days ago of the former chairman of State Bank of India, Raj Kumar Talwar, has not elicited the type of eulogies the great banker deserved. Talwar created history when he took over as SBI chairman at the age of 45. If Lt. Gen. Bhagat was the best soldier independent India produced, Talwar was easily the best commercial banker. Himself a brilliant man, Talwar spotted and recognised talent and brilliance in others.

The way he stood up to the political masters of his time is of the stuff banking folklore is made of. He always called a spade a spade. He served as advisor to the Central Bank of Ceylon and also as Industrial Development Bank of India chairman. He strode the banking scene like a true and veritable colossus.

P.N. Ananthanarayanan,

Chennai

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