Mumbai: The government has given additional charge of chairman of State Bank of India (SBI) to incumbent managing director R Sridharan, following O P Bhatt’s retirement from the position on Thursday.
Sridharan will hold additional charge till the government notifies a regular chairman in SBI or until further orders, whichever is earlier, the bank said in a filing to the Bombay Stock Exchange.
Sridharan, who is currently the managing director and group executive (associates and subsidiaries) of SBI, will also be chairing the board meeting of its five associate banks.
He started his career in SBI in 1972, the same year as Bhatt, and has been with the top lender throughout.
Sridharan, a graduate from the University of Madras, had taken over his current position in December, 2008.