Mangalore : Vijaya Bank former chairman and managing director B.B. Shetty(77), passed away on August 2, Friday.

He survived by his wife Kalavathi B Shetty and brother Subbayya Shetty, former minister among others.

Shri. B.B. Shetty was appointed as the Chairman and Managing director of VIJAYA BANK on 01.07.1992 for the period upto 31.01.1996.

He had joined Vijaya Bank in December 1975 as Manager at Administrative Office. He was elevated to the post of General Manager in October 1984. Later in the year 1989 he was appointed as an Executive Director of Indian Bank for the period up to June 1992.

Before joining Vijaya Bank he was working as Chief Economist in-charge of Planning and Development Department in Central Bank. A master’s Degree holder in Economics, University of Bombay, he began his career with the National Council of Applied Economics Research and thereafter was the financial correspondent of Financial Express, Bombay.

Shri. Shetty was an examiner for CAIIB examinations. He had Training in India and abroad on banking subjects. He was deputed to attend training and conference at Deutsche Bank in West Germany and Barclays.