M. N. Goiporia

M. N. Goiporia was an Indian career banker who served as the fourteenth Chairman of State Bank of India.[1][2]

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

Career

Early career

He had 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 1990.[1][2]

Banking career

He served as the fourteenth Chairman of State Bank of India from 19 February 1990 until 31 July 1992.[1][2]

As a fallout of the 1992 Indian stock market scam, M. N. Goiporia was asked by the Indian government to step down from his role as Chairman of State Bank of India and was soon replaced by Dipankar Basu as the new Chairman of State Bank of India.[3]

Goiporia Committee

He served as 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 Goiporia Committee recommendations, all Indian banks are required to maintain a customer complaint book with adequate pages for recording customer complaints.[4][5]

Legacy

Today, he is largely remembered for his role in 1992 Indian stock market scam.[6] State Bank of India too was involved in the scam and several allegations were made against M. N. Goiporia, who was the then chairman.[6]

In Scam 1992: The Harshad Mehta Story , a documentary film chronicling the 1992 Indian stock market scam, the role of M. N. Goiporia was played by the Indian actor Vivek Vaswani.[7]

References
  1. "State Bank Of India" (PDF). hemindrahazari.com. 3 February 2000. Retrieved 6 June 2021.
  2. Admin (27 May 2021). ""State Bank of India- Story of the Largest Bank in India"". edifying-worth to know about | A Complete Guide to increase your awareness | News Articles &more ||. Retrieved 6 June 2021.
  3. "Seven convicted in 1992 security scam cases - Indian Express". archive.indianexpress.com.
  4. "Reserve Bank of India - Master Circulars". www.rbi.org.in.
  5. "Reserve Bank of India". www.rbi.org.in.
  6. "What they said and what actually happened how they reacted". India Today. 8 January 2013.
  7. "Scam 1992: The Harshad Mehta Story (TV Series 2020) - IMDb" – via www.imdb.com.
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