Arundhati Bhattacharya

SBI exit to RIL board

The rule: Public sector bank whole-time directors: a one-year cooling-off under Government (DFS) norms is commonly reported; we have not saved the norm text (see RTI draft).

Gap exceeds one year.

1. Oct 2013 to 6 Oct 2017Documented

   Chairman, State Bank of India

   Business Standard

2. 376 days after leaving.

3. 17 Oct 2018Documented

   Reliance Industries Ltd

   Independent Director, 17 Oct 2018 to 16 Oct 2023

   Smt. Arundhati Bhattacharya is appointed for a period of five (5) years commencing from October 17, 2018, subject to approval of the shareholders.

   RIL · RIL

1. Announced a payments-bank joint venture with RIL, SBI to hold up to 30%.

   When

   6 Feb 2015

   Role

   SBI (under Bhattacharya as chair)

   RIL is to be promoter of the proposed payments bank and SBI will hold up to 30 per cent stake

2. RIL granted a payments bank licence, in partnership with SBI.

   When

   21 Aug 2015

   Role

   RBI / SBI

   RIL has entered into a partnership with State Bank of India for payments banks

None found.