01 October 2016 Current Affairs: Arundhati Bhattacharya, who took over as Chairperson and Managing Director of the State Bank of India, and was due to retire in early October, has been granted a year's extension.
Bhattacharya, who took over as the first woman to head the country's largest bank and an India-based Fortune 500company on October 7, 2013, had joined the bank in September 1977, as a probationary officer at age 22.
She has held several positions during her 36-year career with the bank, including working in foreign exchange, treasury, retail operations, human resources and investment banking.
This included positions like chief executive of the bank's merchant banking arm- State Bank of India Capital Markets; chief general manager in charge of new projects. She has also served at the bank's New York office.
She has been involved in the launch of several new businesses such as SBI General Insurance, SBI Custodial Services and the SBI Macquarie Infrastructure Fund.