Ex-SBI Chief Arundhati Bhattacharya likely to join Piramal’s financial services


Former State Bank of India (SBI) Chairman Arundhati Bhattacharya is most likely to join Piramal’s financial services business after her cool-off period ended last week.

arundhati_bhattacharyaBhattacharya, 62, is reported to be working on a proposal to ally with billionaire Ajay Piramal to handle the latter’s expanding financial services business.

Later this month, a Piramal Enterprises board meeting is expected to be considering the decision of bringing Bhattacharya on board.

She retired from India’s largest public sector lender in October, completing her four-year-long stint in the bank.

As per the industry sources, Piramal is planning to hire top bankers in the wake of the RBI’s plan to ensure stricter regulations for Non-Banking Finance Companies (NBFCs).
Though the names of several top shot bankers have been linked to Piramal lately, Bhattacharya seems to be on the top for taking up a role with the Mumbai-headquartered conglomerate.

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