SBI has enough talent to replace me: Arundhati Bhattacharya on extension

MUMBAI: Amid reports that she may get an extension, State Bank of India (SBI) Chairperson Arundhati Bhattacharya today said there is enough talent within the bank who are capable of holding the reins.

"State Bank has a very good line-up of people. I don't see any reason why people have any doubts regarding succession in SBI. We are very well provided with talent. The MDs are extremely capable. The work will go on no matter who will be there," Bhattacharya told reporters on the sidelines of the bank's annual general meeting for 2015-16 here.

There were media reports that the government was looking at a proposal to extend the first woman chairperson of the country's largest lender by an year after her term ends in September.

Her name is also doing the rounds in the list of probable candidates as the next Reserve Bank Governor after incumbent Raghuram Rajan's term ends on September 4.

SBI's top echelon has the chairperson and four managing directors-- V G Kannan, B Sriram, P K Gupta and Rajnish Kumar.

Kannan, who was looking at associates and subsidiaries at the bank retired today.