SBI transfers 70 execs, move seen as an attempt by new chief to stamp her authority

State Bank of India’s new chairperson Arundhati Bhattacharya has transferred around 70 top executives, a rejig that insiders see as an attempt by the new head to stamp her authority and reorient the team. Change of portfolios and transfer orders have been issued for six deputy managing directors, 16 chief general managers and 46 general managers. SBIBSE 2.35 % executives expect more transfers as Bhattacharya gets her core team ready for the next three years. Bhattacharya was appointed chairperson of the country’s biggest bank earlier this month. 

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