"The Board of Directors at its meeting held today, i.e. October 17, 2018 has appointed Smt. Arundhati Bhattacharya as an Additional Director of the Company, designated as an Independent Director," the RIL statement to stock exchanges said.
The appointment comes days after India focused private equity firm ChrysCapital Advisors LLP announced Bhattacharya as an advisor.
Bhattacharya joined SBI in 1977 as a probationary officer and went on to become the first woman to head the bank as Chairman in 2013. After a four-year stint at the helm, she retired from the SBI last year in October. In her 40-year career, Bhattacharya held several positions at the SBI. She handled various departments such as foreign exchange, treasury, retail operations, human resources and investment banking. Bhattacharya was also the chief executive of SBI's Capital Markets.
Bhattacharya is credited with supervising the merger of six asscociate banks with SBI, creating an entity three times larger than its nearest competitor, after the exercise went for six weeks and without any disruption to customer service. Under her tenure as the chairperson of SBI, she took several technology initiatives such as launching fully digital branches and wallet 'Buddy'.