Business Daily from THE HINDU group of publications
Saturday, Jul 01, 2006

Cross Currency

Group Sites

Home Page - Public Sector Banks
Money & Banking - People
Get Latest BSE Quote
O.P. Bhatt appointed SBI Chairman

Our Bureau


Mumbai , June 30

Mr O.P. Bhatt, Managing Director, State Bank of India, has been appointed Chairman of the bank. The five-year term of Mr Bhatt will expire in March 2011. His will be the longest tenure as SBI chairman in the recent past.

Mr Bhatt took charge as the Managing Director, in-charge of national banking at SBI in April. Prior to this he was the MD, State Bank of Travancore.

Mr T.S. Bhattacharya, the other SBI MD, was appointed as acting chairman, following the retirement of Mr A.K. Purwar as chairman in May. However, Mr Bhattacharya did not have a two-year residual service, necessary for the post of chairman.

The announcement of Mr Bhatt's appointment came on Friday at the SBI annual general meeting in Mumbai.

It was during his tenure as MD of SBT that the bank had implemented core-banking solution in all its branches.

Starting his career as a probationary officer in SBI in 1972, Mr Bhatt held several key assignments in the bank. He served as Managing Director of State Bank of Travancore from January 2005 to April 2006.

Related Stories:
TS Bhattacharya is temporary SBI chief
Om Bhatt is SBI's new MD

More Stories on : Public Sector Banks | People | State Bank of India

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

PNB Philip Kotler

Stories in this Section
Deficient rains may hit cotton, oilseeds

Bay `low' set to intensify soon
Hinduja group sells Hutch stake for Rs 2,000 cr
PM brings rains and hopes to Vidarbha
Current account surplus of $1.8 b in Q4
Inflation up on costlier food, energy products
`Rise in inflation not to hurt growth'
Forex reserves fall by over $1 b
`Flexi staffing merits better recognition'
Ambani brothers in race for CBM-III blocks
Wockhardt acquires Farex, Protinex brands
LKP: Up ahead of merger move
Pearl Global: Retail foray buzz
`More downside likely in emerging markets'
Frontline stocks steal the show
O.P. Bhatt appointed SBI Chairman
Sensex buoyed by Fed move, up 447 points
Spurt in broadband subscribers

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line