India’s Prime Minister’s Office has paved the way for the first woman head at a Public Bank. Arundhati Bhattarcharya has been appointed as the Managing Director and Chief Financial Officer of the Country’s largest bank – The State Bank of India (SBI). August 02nd, 2013.

Arundhati Bhattarcharya breaks the glass ceiling and will be the first woman Mangaging Director of the Country’s largest bank – State Bank of India (SBI). She has been promoted from her previous position of Managing Director and Chief Executive Offier of SBI Capital Markets, the merchant banking arm. She replaces Diwakar Gupta who retired just a few days ago.

Prior to her role at SBI Capital Markets, Bhattacharya was also the Corporate Development Officer. She has been instrumental in setting up various initiatives of SBI General Insurance, SBI Macquarie Infrastructure Fund and SBI SG Global Securities Services. She has over 3 decades of experience at SBI and has undertaken various assignments spanning credit, forex, treasury and retail operations.

The SBI has 4 Managing Directors, 5 Deputy Managing Directors and 18 Chief General Managers apart from the Chairman Pratip Chaudhuri. The other 3 Managing Directors are A. Krishna Kumar, Hemant G. Contractor and S. Visvanathan.

Note: There are other women who made it to the top in the domestic Banking and Financial Services industry . You may use the ‘Search’ feature to access the information.