Besides Chanda Kochhar and Shikha Sharma who head ICICI Bank and Axis Bank respectively, the State Bank of India now joins the league of banks being led by women with the appointment of Arundhati Bhattacharya as the first woman managing director of SBI.
In the past, she has been actively involved in setting up several new companies and initiatives at SBI. This includes the SBI's entry in the general insurance space through SBI General Insurance, the launch of SBI Macquarie Infrastructure Fund, SBI SG Securities Ltd, etc. and the launch of new IT platforms such as Mobile Banking and Financial Planning.
Arundhati Bhattacharya was earlier MD & CEO of SBI Capital Markets Ltd. Prior to this, she was Deputy Managing Director and Corporate Development Officer at the State of India (SBI). With over three decades of experience at India’s largest Bank, Ms. Bhattacharya has undertaken various
assignments spanning Credit, Forex, Treasury and Retail Operations.
She has managed large corporate credit as well as initiatives for financial inclusion and financing of Self Help Groups. Bhattacharya had a brief stint at the Bank’s office in New York.
Bhattacharya will replace Diwakar Gupta, who leaves the charge of affairs at SBI by the.end of month.
India Infoline Research Team / 14:59, May 20, 2015
GPIL reported 13.5% yoy decline in operating profit as the impact of higher volumes was offset by lower product prices