Friday, November 22, 2013

At SBI, profit dips with new CEO

........But Bhattacharya will probably find solace in the fact that her predecessor, Pratip Chaudhuri, had a more harrowing experience when he took charge in April 2011. In his first quarter as SBI chairman, Chaudhuri saw the bank reporting its lowest quarterly profit in over a decade. The net profit had plunged 99 per cent on an year-on-year basis. O P Bhatt who was the chairman of SBI immediately before Chaudhuri, had a similar experience. The bank's profit had declined 35 per cent from a year earlier in Bhatt's first quarter as its chief.




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