31.7.16

SBI has enough talent to replace me, says Arundhati Bhattacharya on extension

There were media reports that the government was looking at a proposal to extend the term of Arundhati Bhattacharya as chairperson of the SBI by a year after it ends in September. Photo: Indranil Bhoumik/Mint


Mumbai: Amid reports that she may get an extension, State Bank of India (SBI) chairperson Arundhati Bhattacharya on Friday said there is enough talent within the bank who are capable of holding the reins.
“State Bank has a very good line-up of people. I don’t see any reason why people have any doubts regarding succession in SBI. We are very well provided with talent. The MDs are extremely capable. The work will go on no matter who will be there,” Bhattacharya told reporters on the sidelines of the bank’s annual general meeting for 2015-16 in Mumbai.
There were media reports that the government was looking at a proposal to extend the term of the first woman chairperson of the country’s largest lender by a year after it ends in September. Bhattacharya is also on the list of probable candidates for the next Reserve Bank of India (RBI) governor after Raghuram Rajan’s term ends on 4 September.
SBI’s top echelon consists of the chairperson and four managing directors—V. G. Kannan, B. Sriram, P. K. Gupta and Rajnish Kumar. Kannan retired from the bank on Friday.

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