Arundhati Bhattacharya Appointed First Woman Chairperson of SBI

Arundhati Bhattacharya Appointed First Woman chairperson of State Bank of India (SBI).

Arundhati Bhattacharya today became chairperson of State Bank of India (SBI), the first woman to head the country’s largest lender.

Bhattacharya, 57, was managing director and chief financial officer of the bank prior to her elevation. Her appointment comes after uncertainty of about a week when finally the Prime Minister Manmohan Singh cleared papers.

Arundhati Bhattacharya SBISBI in a statement said Bhattacharya assumed charge as the chairperson in the evening, succeeding Pratip Chaudhuri who retired on September 30.

Bhattacharya joined SBI as a probationary officer in 1977 and has had stints in areas such as retail, treasury and corporate finance during her 36-year career.

She has held various positions including Deputy Managing Director and Corporate Development Officer, Chief General Manager of the Bangalore circle and new businesses and head of its merchant banking arm, SBI Caps.

Bhattacharya joins other women heading public sector banks — Allahabad Bank (Shubhalakshmi Panse) and Bank of India (VR Iyer) and private sector banks — Chanda Kochhar of ICICI Bank, Shikha Sharma of Axis Bank and Naina Lal Kidwai of HSBC India.

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