Arundhati Bhattacharya is SBI top boss

Arundhati-BhattacharyaNew Delhi: The country’s largest lender, State Bank of India (SBI) today got its first woman boss in its 207-year history, as Arundhati Bhattacharya took charge, after former boss Pratip Chaudhuri’s tenure came to an end on September 30.

Ms Bhattacharya, also holds the distinction of becoming the first woman managing director of SBI in August. Prior to this appointment, Ms Bhattacharya was managing director and chief executive of SBI Capital Markets, the merchant banking arm of SBI.

57-year old Ms 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.

Ms Bhattacharya,57, who has been managing director (MD) and chief financial officer since August 2013, will hold the office for a period of three years.

Her elevation came after the glass ceiling was broken in 1996, when Tarjani Vakil took over as head of Exim Bank. Ms Vakil’s appointment was followed by Ranjana Kumar, who was appointed chairman and managing director of Indian Bank.

Over the past few years, India’s banking sector has seen a few more woman heads. Shubhalakshmi Panse, Vijaylakshmi R Iyer and Archana Bhargav are heading state-run Allahabad Bank, Bank of India and United Bank of India, respectively.

In the private sector, Chanda Kochhar and Shikha Sharma now head ICICI Bank and Axis Bank, respectively.