home

Former SBI boss OP Bhatt joins Tata Steel as independent director

NEW DELHI: Tata SteelBSE -3.25 % has appointed former SBIBSE 0.11 % Chairman O P Bhatt as additional non-executiveindependent director in hte company with effect from today. 

The Board of Directors has "appointed O P Bhatt as an additional non-executive independent director on the 
Board of Tata Steel with effect from June 10, 2013", Tata Steel said in a BSE filing. 

"Bhatt was the former Chairman of 
State Bank of IndiaBSE 0.11 %, which is India's largest commercial bank. He is now on the Boards of reputed Indian and foreign companies," it added. 

Bhatt hanged up his boots after a five-year stint as SBI chief on March 31, 2011. 

Shares of the company closed at Rs 290.40 apiece on the BSE, down 0.55 per cent from the previous close.