[1][2] Dehejia was one of the early recipients of the Jamsetjee Nusserwanjee Tata Scholarship established in 1892.
[1][2] After his retirement in 1990, he was succeeded by Raj Kumar Talwar as the Chairman of State Bank of India.
[1][2] Raj Kumar Talwar went on to have one of the longest tenures of any Chairman of the State Bank of India[1][2] During his tenure, The National Credit Council (NCC) was established in October 1968, to estimate the credit requirements in Indian trade and industry.
[7] V. T. Dehejia is notable for being one of the last members of the Imperial Civil Service to serve as Chairman of State Bank of India.
After him, all the future Chairmen of State Bank of India were either career bankers or were sourced from the Indian Administrative Service.