SBI chairman Arundhati Bhattacharya gets one year extension
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Mumbai: State Bank of India chairman Arundhati Bhattacharya, who was due to retire on 6 October, has received a year’s extension, said a SBI official from the chairman’s office on the condition of anonymity .
The move comes at a time when the country’s largest bank is set to merge its associate banks and Bharatiya Mahila Bank with itself. The bank is also in the process of cleaning up Rs.98,000 crore of bad loans on its books.
Bhattacharya, who has a postgraduate degree from Jadavpur University, Kolkata, joined the bank in 1977 as a probationary officer and has served in various positions, including as head of SBI Capital Markets Ltd, the bank’s investment banking unit.
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