Sunday, October 02, 2016

Arundhati Bhattacharya gets year-long extension as SBI chief









State Bank of India chairwoman Bhattacharya arrives for a news conference at the bank's headquarters in Mumbai. (Reuters)



Arundhati Bhattacharya has secured a year's extension as the chairperson of the State Bank of India (SBI) to oversee the merger of six smaller commercial banks into the country's largest lender, officials said.

Her tenure was to end on October 6.

The government last month gave its nod for the merger of six banks -- State Bank of Bikaner and Jaipur, State bank of Travancore, State Bank of Patiala, State Bank of Hyderabad, State Bank of Maharashtra and Bharatiya Mahila Bank -- into the State Bank of India.
Location: India

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