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.
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.
Vinod Sawhny steps down as Reliance Communications CEO
Mumbai–Vinod Sawhny, CEO, Reliance Communications, has stepped down from his official capacity with effect from September 30, 2016, a regulatory filing by the company said here on Saturday.
“…the company has accepted request of Vinod Sawhny to step down as Chief Executive Officer of the company with effect from September 30, 2016 to enable him and his family to relocate to New Delhi for personal reasons,” the BSE filing said.
“William (Bill) Barney and Gurdeep Singh, who are already working with the company, will function as acting co-CEOs of the company with immediate effect,” it added.