Banks today have become guide for life: Arundhati Bhattacharya

SBI chief, at IIM-A convocation, suggests students to be an employer instead of being an employee as every month millions of people are added who are looking for jobs

At the Indian Institute of Management Ahmedabad convocation function, Arundhati Bhattacharya, chairperson of the State Bank of India (SBI) said that in current time role of banks have changed and now a bank is not only a bank but it has become a guide in our lives.

“The world has changed, we don’t need a book keeper, it’s all done by machines. Banks today have become your investment consultants. They have become your guide of life and this transition is huge,” said Bhattacharya.

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Now banks are more technology driven and in which requirement of accountants and book keepers are very less.

Advising the students who completed their courses from IIM-A she said that try to be an employer instead of being an employee as every month millions of people are added who are looking for jobs.

Bhattacharya said, “Every month India adds one million people for jobs, and in this condition you must be employers, don’t look only for employment because you are gifted enough to have been admitted to have been in this prestigious institute.”

Talking about the challenges, she mentioned that there are several challenges that you will have to face in coming time such as urbanisation, water, energy, terrorism and many others but it is one side of coin.

During the event, IIM-A's interim chairman Pankaj Patel who is also the chairman and managing director of Cadila Healthcare said, “The students of IIMA are known to be keen explorers, seeking opportunities for intellectual and social development. Many of our past students have gone on to become great contributors across global communities and I am sure all of you will also join these ranks.”

IIMA formed sub-committee to submit names for chairman to government

Search committee of Indian Institute of Management Ahmedabad (IIMA) has formed a sub-committee to submit the names for the new chairman to the government.

At the sidelines of the convocation, interim chairman of IIMA Pankaj Patel said, "The search committee has shortlisted the few names and it has formed a sub-committee to submit these names to the government."

With L&T Group'S Executive Chairman A M Naik stepping down as chairman of its board of governors, the IIMA has set up a search committee headed by Naik, comprising other board members - Sanjay Lalbhai (CMD, Arvind Ltd), Pankaj Patel (CMD, Cadila Healthcare Ltd) and D Shivakumar (Chairman & CEO, India Region, Pepsico India Holdings) to fill the post.