LADY WITH THE LAMP
Business Today India|February 05, 2023
Arundhati Bhattacharya has shone her light on the banking industry for more than four decades, inspiring millions and helping State Bank of India, and the industry, with HR reforms and digital transformation
MANISH PANT
LADY WITH THE LAMP

THE WORD THAT perfectly describes Arundhati T Bhattacharya's cabin in Salesforce's Mumbai office is immaculate. There are no piles of papers or pending files on her spotlessly clean white desk. From a potted plant in the corner to a picture on the wall, everything is in the right place. The white walls and the all-around neatness manifest the clarity of purpose of the room's occupant. This focussed approach has been the hallmark of the former State Bank of India (SBI) chairman, who is now Chairperson & CEO of Salesforce India, the local entity of the San Francisco-headquartered $26.5-billion enterprise software company. Hence, it is no surprise that the jury of the BT-KPMG Best Banks and Fintechs Survey 2021-22 unanimously decided to confer on her the Lifetime Achievement Award.

Bhattacharya took charge of SBI-the country's largest lender-in 2013 and was the bank's first (and till date only) woman chairman. Her four-year tenure is remembered for the way she transitioned the 217-year-old state-owned lender into a digitalised enterprise. "It was a very well-entrenched organisation that I took over with everything from the power of the chairman, composition of the committees, to the periodicity of the board meetings [being] well-defined. It was also a legacy organisation that had inherited a lot of stuff that probably was in need of being updated to keep up with the changes," says Bhattacharya, 66, between sips of tea.

But it wasn't easy. For example, her efforts at creating a professionally-driven foundation to oversee the spending of 1 per cent of the bank's profits on CSR were rejected thrice by the Reserve Bank of India for the lack of such a provision in The Banking Regulation Act of 1949. "It was with a lot of effort and persuasion that we ultimately got permission for the foundation," she says.

هذه القصة مأخوذة من طبعة February 05, 2023 من Business Today India.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة February 05, 2023 من Business Today India.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

المزيد من القصص من BUSINESS TODAY INDIA مشاهدة الكل
The Dark Side Of Gold Loans
Business Today India

The Dark Side Of Gold Loans

There Has Been A Sharp Rise In Gold Loans In Recent Years. But There Is A Seedier Side To This, As Is Evident From The Red Flag The RBI Raised Recently. Will The Regulator's Move Protect Customers?

time-read
10+ mins  |
May 12, 2024
All That Glitters
Business Today India

All That Glitters

The price of gold has been rising unabated. It has soared to more than 73,000 per 10 gm in 2024 from *31,000 in early 2018. Is the rally sustainable or is this a bubble?

time-read
1 min  |
May 12, 2024
"Hire for attitude, not ability"
Business Today India

"Hire for attitude, not ability"

Thryve Digital is a player in the healthcare technology sector delivering next-generation solutions

time-read
1 min  |
May 12, 2024
Road Warrior
Business Today India

Road Warrior

For Khalid Wani, Senior Director of Sales at Western Digital India, life is much more than just the corner office. Biking across the world is one way he derives meaning for his life

time-read
3 mins  |
May 12, 2024
WIDENING THE POOL
Business Today India

WIDENING THE POOL

THERE HAS BEEN A JUMP IN INDIVIDUALS INVESTING DIRECTLY IN THE STOCK MARKETS, BUT MUMBAI AND AHMEDABAD STILL ACCOUNT FOR THE LION'S SHARE. THERE DEFINITELY IS SCOPE FOR IMPROVEMENT IN TERMS OF PENETRATION LEVELS ACROSS THE COUNTRY

time-read
7 mins  |
May 12, 2024
CRISIS IN THE CLOUDS
Business Today India

CRISIS IN THE CLOUDS

INDIAN AVIATION IS IN CRISIS. AIRLINES ARE GRAPPLING WITH FLIGHT CANCELLATIONS, CREW SHORTAGES, AND COMPLAINTS ABOUT POOR SERVICE, ARE BLEEDING DUE TO RISING COSTS WILL THE FASTEST-GROWING AVIATION MARKET RECOVER?

time-read
9 mins  |
May 12, 2024
"India should start privatising public sector banks"
Business Today India

"India should start privatising public sector banks"

Arvind Panagariya, Chairman of the 16th Finance Commission, on growth, inequality, jobs, the banking sector, and more

time-read
8 mins  |
May 12, 2024
"I LET MY WORK DO THE TALKING"
Business Today India

"I LET MY WORK DO THE TALKING"

Megha Engineering & Infrastructures MD P.V. Krishna Reddy on being low profile, the infra opportunity and much more

time-read
4 mins  |
May 12, 2024
"Core of insurance lies in long-term security"
Business Today India

"Core of insurance lies in long-term security"

Vibha Padalkar, MD & CEO of HDFC Life, on the insurance provider's performance, surrender charges, and future innovations

time-read
3 mins  |
May 12, 2024
Distress in the Books
Business Today India

Distress in the Books

Bandhan Bank, the brainchild of Chandra Shekhar Ghosh, has made the journey from an MFI to a bank, but with many hurdles. Now with his resignation as MD & CEO, is the lender staring at more uncertainty?

time-read
2 mins  |
May 12, 2024