M. N. Goiporia
14th chairman of the State Bank of India
Preceded byAtal V.
Succeeded byDipankar Basu
Personal details
NationalityIndian

M. N. Goiporia was an Indian career banker who was the 14th chairman of the State Bank of India.[1]

Career

He joined the Central Bank of India as a probationary officer and worked in a number of roles until becoming the 14th chairman of State Bank of India, a position he held from 19 February 1990 until 31 July 1992.[1]

Following the 1992 Indian stock market scam, Goiporia was asked by the Indian government to step down from his role as and was replaced by Dipankar Basu.[2]

He was the chairman of the Goiporia Committee, which made several important recommendations to improve the level of customer service in Indian banks. As a result of the committee's recommendations, all Indian banks are required to maintain a customer complaint book with adequate pages for recording complaints.[3]

Legacy

Today, he is largely remembered for his role in 1992 Indian stock market scam. The State Bank of India was involved in the scam and several allegations were made against Goiporia, who was the then chairman.[4]

In Scam 1992: The Harshad Mehta Story, a documentary film chronicling the 1992 scam, the role of Goiporia was played by the Indian actor Vivek Vaswani.[5]

References

  1. 1 2 Hemindra Hazari (3 February 2000). "State Bank Of India" (PDF). India Equity Research. ASK-Raymond James & Associates Limited. Archived from the original (PDF) on 14 April 2021. Retrieved 7 December 2023.
    - ""State Bank of India- Story of the Largest Bank in India"". Edifying. 27 May 2021. Archived from the original on 2 June 2021. Retrieved 6 June 2021.
  2. ↑ "Seven convicted in 1992 security scam cases". Indian Express. 13 April 2006. Archived from the original on 13 June 2021. Retrieved 7 December 2023.
  3. ↑ "Master Circular on Customer Service". Master Circulars. Reserve Bank of India. 18 August 2005. Retrieved 7 December 2023.
    - "Customer Service - Implementation of Recommendations of the Goiporia Committee". Master Circulars. Reserve Bank of India. 11 May 1993. Retrieved 7 December 2023.
  4. ↑ "What they said and what actually happened how they reacted". India Today. 8 January 2013.
  5. ↑ "Scam 1992: The Harshad Mehta Story (2020) - Full Cast & Crew". IMDb. Retrieved 7 December 2023.


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