Director/Chairman Reliance Industries/Reliance Foundation See Story, Meet Nita Ambani, The First Lady Of Indian Business. Chairman & Managing Director State Bank of India Bhattacharya is facing her most challenging test yet with the State Bank of India, the country’s biggest. Mounting bad loans, which stood at $11 billion in December, caused net profit to plunge more than 60% to $190 million in a recent quarter. “The days of promoters gaming the banking system are over,” she warned in February, before urging the arrest of liquor baron Vijay Mallya, whose defunct Kingfisher Airlines owes more than $1.3 billion to state-run banks. SBI was among the first lenders to label the...
↧