Pratip Chaudhuri leads race for SBI Chairman job

Wednesday, 29 December 2010, 07:35 IST
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New Delhi: Pratip Chaudhuri , currently the Deputy Managing Director and Group Executive international banking of State Bank of India, is understood to be leading race for the top job of the country's largest lender. Besides, Hemant G Contractor , Chief Finance Officer and Diwakar Gupta Deputy Managing Director and Group Executive (rural business and national banking) is also believed to be in race for the job. The vacancy would arise as the incumbent O P Bhatt five- year term comes to an end in March 2011. The name would be finally cleared by Appointment Committee of the Cabinet (ACC) headed by the Prime Minister Manmohan Singh. The other members include Home Minister P Chidambaram and Finance Minister Pranab Mukherjee . It is believed that ACC approval would come before the term of incumbent ends. Chaudhuri joined State Bank of India as Probationary Officer in 1974. He took over charge as DMD (international banking) in April 2009. The search panel to appoint the next SBI chairman is headed by Reserve Bank of India governor D Subbarao had interviewed 4-5 candidates earlier this month. Besides, names of the managing directors of the bank would also be cleared by the government. Currently, there is only one Managing Director in the bank against the provision of four. SBI Managing Director R Sridharan is due to retire in June, 2011.
Source: PTI