SBI Chief Arundhati Bhattacharya likely to get Extension

Government is considering giving a one-year extension to SBI chief Arundhati Bhattacharya amid the lender's consolidation with its associate banks. "There is a need for continuity at a time when the process of consolidation is going on," sources said. 

 

In this regard, the government is looking at the proposal of granting extension to the current chairperson whose three-year term comes to an end this month, sources added. The government has also received views of the Bank Board Bureau (BBB) on the extension issue and an order in this regard is expected in the next few days, according to sources.

Earlier this year, the Cabinet gave its nod for the merger of State Bank of India (SBI) and its associate lenders and Bharatiya Mahila Bank (BMB) that would make the state-owned lender a global-sized bank. 

 

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