Few can bust the myth that women and money don’t go hand in hand, as good as Arundhati Bhattacharya has. She heads India’s largest bank, the State Bank of India, and is the first woman to do so in its 210-year history. She spoke to Mint about financial independence and money management. According to Bhattacharya, financial independence for a woman is paramount. When it comes to investments, she believes in a diversified portfolio with a mix of deposits, small savings, mutual funds, and exchange-traded funds (ETFs). Edited excerpts from the interview:
How important is it for women to be financially independent?
First and foremost, if you don’t have financial independence, then you don’t have a place in the household to take part in difficult and important decisions.
