Arundhati Bhattacharya became the first Chair Person of the largest commercial bank of India i.e. The State Bank of India. Her vision for future banking industry of India is quite different. She has introduced several revolutionary policies in the Indian Banking Sector.
An Analysis of the Journey of Arundhati Bhattacharya in Indian Banking Industry
The first lady chairperson of the 208 years old public sector bank of India, completed Post Graduation in English Literature from Jadavpur University. Her teacher always wanted her to do something, which would utilize her talent and creativity to the fullest. Therefore, banking was never on her mind. But when she saw her every friend filling applications for SBI PO, she also filled the application for the same. She got selected and then never looked back. She acquired the top most position in the most prestigious public sector bank.
Taking SBI to Newer Heights
Once she became the chair person of SBI, she made tremendous efforts to take the SBI to the newer heights in her two years of service. She has made every possible effort to bring the bank in the list of top international banks. With the merger between the 5 associate banks and Bhartiya Mahila Bank with the SBI, it is not counted in the top 50 international banks. Things that make her different are:
The Digital Revolution:
The present boss of SBI is very much clear about her vision of the future of the bank. She sees the digitalization of banking as the future of the bank. Therefore, she has introduced a number of digital tools like SBI Buddy, SBIiNtouch, ect.
Controlling the NPA:
The SBI is the largest consortium, which has filed the suite against the loan defaulter Vijay Mallaya. She made it very clear that, anybody who takes the loan from the bank has to pay it back at every cost.
Rational Cost Control:
According to her bank should follow cost cutting methods but not on the cost of gaining business for the bank. She made it clear that bank should cut only the unnecessary ones not the necessary ones.
Role Model for Women:
She has been named among the Forbes' Top 10 Most Powerful Women in the Finance sector and also in the top 25 most powerful women in the world. She is a perfect role model for the Indian women.
Introduced Several Policies and Schemes for the Benefit of the Employees:
She has made and introduced several schemes for the benefit of the employees of the bank. She introduced the provision of providing two years sabbatical leaves to the women employees. Apart from this, she also made provision for flexi timing and also for taking transfers to the nearby branches to their homes.
