Bloomberg Markets Names Arundhati Bhattacharya in its “50 Most Influential List ”

Bloomberg Markets has named Arundhati Bhattacharya, Chairman, State Bank of India, in its fourth annual “50 Most Influential list”. The much coveted list appeared in the magazine's October 2014 special issue. Mrs. Bhattacharya has been featured in the “Bankers” category and is the only Indian woman to be present in the list.

Arundhati Bhattacharya “runs India’s biggest bank. Is pushing politicians to abandon their practice of forgiving loans, saying it corrupts the credit culture,” Bloomberg Markets said.

The people selected by the magazine reach across borders and transcend obstacles. To arrive at the 50 most influential list, the magazine started with a larger group of candidates assembled with the help of Bloomberg News journalists in bureaus across the globe. Rankings and profiles published in Bloomberg Markets throughout the year helped guiding the selection process, with the magazine's editors narrowing the final list to 10 people in each of five categories: Money Managers, Thinkers, Corporate Power Brokers, Bankers and Policy Makers.

“We select individuals based on what they're doing now, rather than past achievements, and almost three-fifths of this year's list is made up of people who are appearing for the first time,” Bloomberg Markets added.

About State Bank of India:

State Bank of India (SBI), with a 208 year history, is the largest commercial bank in India in terms of assets, deposits, profits, branches, consumers and employees. The Government of India is the single largest shareholder of this Fortune 500 entity with 58.60% ownership.

The origins of State Bank of India date back to 1806 when the Bank of Calcutta (later called the Bank of Bengal) was established. In 1921, the Bank of Bengal and two other banks (Bank of Madras and Bank of Bombay) were amalgamated to form the Imperial Bank of India. In 1955, the Reserve Bank of India acquired the controlling interests of the Imperial Bank of India and SBI was created by an Act of Parliament to succeed the Imperial Bank of India.

The State Bank Group consists of SBI and five associate banks. The group has an extensive network; with over 20,000 plus branches in India and another 190 foreign offices spread over 36 countries across the world. As of 31st March 2014, the group had assets worth Rs. 23,95,981 crores, deposits of Rs. 18,38,852 Crores and capital & reserves in excess of Rs. 1,47,371 crores. The group commands over 23% share of the domestic Indian banking market.

About Bloomberg Markets Magazine:

Bloomberg Markets is a monthly magazine published by Bloomberg L.P. as part of Bloomberg News. Aimed at global financial professionals, Bloomberg Markets publishes articles on the people and issues related to global financial markets. Bloomberg Markets, which is based in New York City, has readers in 147 countries. More than half of its readers live outside the U.S.

As of December 2011, the magazine had a circulation of 375,000 and was available for sale at bookstores and selected newsstands. All subscribers of the Bloomberg Professional service and the Bloomberg Terminal also receive Bloomberg Markets as part of their subscription. Newsstand sales averaged 6,154 in 2010.