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While Bhattacharya said that India has massive potential for Gen AI to take off, its adoption has been low.
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The idea behind its new offering -- Digital Lending for Loan Origination -- is to consolidate all the relevant information on a single dashboard and help lenders decide if they want to loan out money to a borrower.
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Arundhati Bhattacharya on why US-India tech collaborations make so much sense, the place of AI, work from home versus office, what India Inc. needs, what she's reading now and her latest travels.
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The company's India workforce has expanded from 2,200, when she joined in 2020, to around 9,000, Bhattacharya says
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Bhattacharya further said much of the goals that are expected to be achieved through privatisation of PSBs can also actually be achieved by enabling the state-owned banks and by levelling the playing field
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Currently, cloud-based services provider Salesforce has offices in six Indian cities of Mumbai, Hyderabad, Bengaluru, Pune, Gurugram and Jaipur.
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In a world where women, by and large, don’t write their biographies for the fear of being judged, let's doff our hat to 'Indomitable'.
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"When you work like this, it can help you climb ladders."
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Challenges of balancing the home and office, commuting for hours every week, competition in a male-dominated office, and through all this, an indomitable spirit to learn and do the job well.
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After over 40 years at India’s largest traditional lender, Bhattacharya transitioned into a world where tech and innovation are driving the new-age consumption of everything from groceries to financial services.
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Salesforce announced a $1.1 million donation to United Way of Hyderabad, Concern India Foundation, Rise Against Hunger India and Youth for Seva, to support the COVID response across India; Through corporate and employee donations, the company will impact the lives of more than 2,00,000 people across the country
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"Bhattacharya, an Independent Director of the company, has submitted her resignation as a director of the company, which will take effect on April 15, 2020," Crisil Ltd said in a filing to BSE.
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Bhattacharya previously headed the State Bank of India (SBI), the country's largest lender, and was the first woman to lead the more than 200-year-old bank. She retired from SBI in 2017 after spending four decades in various roles.
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Bhattacharya will succeed former banker M V Nair, who is stepping down after completing five years with the company, SWIFT India said in a statement.
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According to SBI officials, the BSBD account is primarily meant for poorer sections of the society, to encourage them to start saving without any burden of charges or fees.
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The first woman chairperson of State Bank of India retired last week
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A day before, Rajnish Kumar, Bhattacharya's successor, told the media that reviving credit growth and resolution of stressed assets will be his top priority.
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India's state banks, including SBI, the country's largest, have battled rising bad loans in recent years, a fight that has dampened credit growth and slowed a long-awaited economic revival. But Bhattacharya predicted better days ahead for the bank after a spike in sour debt in the last quarter due to a merger with five subsidiaries.
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Arundhati Bhattacharya leaves behind a rich legacy at the State Bank of India. As her four-year term comes to an end today, it is worth while to take stock of what she has achieved.
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The Appointments Committee of the Cabinet has approved the appointment of Kumar for a period of three years from October 7, according to an order issued by the Department of Personnel and Training (DoPT).
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"Financial inclusion as we see it today is not only providing the entire range of banking services, but also insuring that we provide opportunities for investment, insurance and pension products to every single Indian, no matter how small or how remote," Bhattacharya said in her address at the Bloomberg Global Business Forum yesterday.
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CNBC-TV18's Ritu Singh is in conversation with State Bank of India (SBI) Chairman, Arundhati Bhattacharya, at the side-lines of the Centrum Conference.
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The statement comes after SBI merged all its five subsidiaries and Bharatiya Mahila Bank, which resulted in a massive spike in its provisions and bad loans ratio that touched double digits in the first consolidated results announced earlier this month, though this led to the creation of the 45th largest bank in the world.
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The SBI chief, which was in the process of making NPA resolutions of large corporate accounts, said that when loans were given when the GDP growth was 8.5 percent it was not expected that the accounts would not turn bad
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Fund managers and some regulators say CEOs, promoters are increasingly trying to condition the market by talking up their stock.
