CEO factory: SBI keeps feeding top leaders to lenders
State Bank of India (SBI) taking charge of sensitive or troubled lenders in the country.
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Chatterjee joins a list of SBI veterans now helming Tamilnad Mercantile Bank (TMB), Bandhan Bank, Karur Vysya Bank, Yes Bank, and IDBI Bank, after the regulator approved their appointments to help stabilise operations at these banks.
With as many as six CEOs serving different lenders, SBI has reinforced its position as the supply line for experienced bankers in the last few years. That's a glowing testament to the banking behemoth's calibre and the Reserve Bank of India's (RBI) comfort with SBI's managerial credentials, bankers said.
SBI chairman CS Setty said this trend is due to the diverse experience the bank offers and its sheer scale of operations with each unit, which are bigger than some private sector banks as a whole.
«An executive rising through the ranks can have experience as diverse as operations, technology, corporate banking and branches, not to forget overseas stints. Exposure in each business unit is larger than some large private sector banks,» Setty said.
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