Why Sanjay Gandhi forced SBI chairman to quit in 1976

Rama Krishna Vadlamudi

Dear Friend,

In 1976, Sanjay Gandhi wanted SBI chairman, RK Talwar, to do a favour for a cement company--whose promoter was close to Sanjay Gandhi. RK Talwar was a very honest man. He said he had to follow bank's rules. Furious at Talwar's refusal, Sanjay Gandhi wanted to remove Talwar as SBI chairman and accordingly SBI Act was amended. (Those were emergency days). 

But the central govt didn't have the courage to dismiss Talwar as SBI chairman. To read the full story:

http://www.business-standard. com/article/opinion/t-n-ninan- the-talwar-amendment- 112062300019_1.html

For a full version of the story, we have to read a book titled "RK Talwar: Values in Leadership," written by N Vaghul. This book can be downloaded in a PDF version at:

http://www.knowledgexchange. in/RKTalwar/index.html#/1/

This 90-page book is made available by Knowledge Xchange for the benefit of general public. (I've provided the PDF attachment also).

RK Talwar was SBI's greatest chairman and a man of inspiration. Please share this greatest banker's story with your friends and colleagues.

with regards,

RamaKrishna Vadlamudi

http://ramakrishnavadlamudi. blogspot.in/