Arundhati Bhattacharya's term as SBI chief extended till October 2017

| Saturday, October 1, 2016 - 15:25
First Published |
Arundhati Bhattacharya, State Bank of India, SBI chairperson, commercial banks, lender

Her tenure was to end on October 6 | Photo: IANS

New Delhi: Arundhati Bhattacharya has secured a year's extension as the chairperson of the State Bank of India (SBI) to oversee the merger of six smaller commercial banks into the country's largest lender, officials said.

Her tenure was to end on October 6.

(Also Read: India's forex reserves rise to $370 billion on September 23)

The government last month gave its nod for the merger of six banks -- State Bank of Bikaner and Jaipur, State bank of Travancore, State Bank of Patiala, State Bank of Hyderabad, State Bank of Maharashtra and Bharatiya Mahila Bank -- into the State Bank of India.

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