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O.P. Bhatt appointed SBI Chairman

Our Bureau


MR O.P. BHATT

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.

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Om Bhatt is SBI's new MD

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