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Reviving lending unfinished task: Arundhati Bhattacharya as she exits SBI

The fight against NPAs has dampened credit growth and slowed a long-awaited economic revival

Reuters  |  Mumbai 

Arundhati Bhattacharya, Chairman of the State Bank of India, poses with the company's logo at the bank's headquarters in Mumbai. Photo: Reuters
Arundhati Bhattacharya, outgoing chairman of the State Bank of India, poses with the company's logo at the bank's headquarters in Mumbai. Photo: Reuters

Arundhati Bhattacharya, who ends four years at the helm of the (SBI) on Friday, said reviving lending in the country was one of the major tasks left unfinished.


India's state banks, including SBI, the country's largest, have battled rising in recent years, a fight that has dampened credit growth and slowed a long-awaited economic revival. But Bhattacharya predicted better days ahead for the bank after a spike in sour debt in the last quarter due to a merger with five subsidiaries.


She will be replaced by colleague and banking veteran Rajnish Kumar.

First Published: Fri, October 06 2017. 14:15 IST
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