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Dipankar Basu

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Adapted from the English Wikipedia article Dipankar Basu, available under CC BY-SA 4.0Updated 11 August 2025
Dipankar Basu
BornTemplate:Birth date
Kolkata, India
DiedFebruary 15, 2018(2018-02-15) (aged 82)
Kolkata, India
OccupationBanker
Years active1956–1995
Known for15th Chairman of State Bank of India

Dipankar Basu (10 August 1935 – 15 February 2018) was a distinguished Indian banker who held the position of the fifteenth Chairman of the State Bank of India.

Life

Basu was born and brought up in Kolkata, where he also passed away in 2018.

Education

He earned a master's degree in Economics from Delhi University.

Early career

Beginning his journey at the State Bank of India as a probationary officer in 1956, Basu advanced through multiple roles before ascending to the Chairmanship.

Banking career

He led SBI as its fifteenth Chairman from 25 February 1993 until 31 August 1995. His leadership period was marked by significant growth in the bank’s investment banking and mutual fund sectors, notably through the creation of SBI Capital Markets Ltd. and SBI Mutual Fund. Upon his retirement in 1995, P. G. Kakodkar took over the role.

Later career

Following his departure from the State Bank of India in 1995, Basu assumed the role of non-executive chairman at Sun Foreign & Colonial Asset Management, which is currently part of the Principal Financial Group. Additionally, he was appointed by the Securities and Exchange Board of India as a director on the board of the Calcutta Stock Exchange.