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State Bank of India chairman granted 1-year term extension

The Indian government has extended Arundhati Bhattacharya'stenure as chairman of State Bankof India for one year.

The bank said Oct. 1 that the extension of Bhattacharya'stenure is effective Oct. 7.

The Economic Timespreviously reportedthat the Indian government was considering an extension to Bhattacharya'stenure as chairman so that she can oversee State Bank of India's with its five associatebanks and Bharatiya Mahila Bank.