SBI chief Arundhati Bhattacharya gets 1-year extension

NEW DELHI: Government has given one-year extension to SBI chief Arundhati Bhattacharya amid the lender’s consolidation with its associate banks.
According to top government sources, the incumbent SBI chairman has been given one-year extension. This will provide continuity at a time when the process of consolidation is going on.
Earlier this year, the Cabinet gave its nod for merger of State Bank of India (SBI), its associate lenders and Bharatiya Mahila Bank (BMB) that would make the state-owned lender a global-sized bank.

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