All-women bank to take wings across states.
Ananthasubramanian, 55, started her career in 1982 at Bank of Baroda as a specialist officer in the planning stream.
The Kolkata-based firm already has a presence in 22 states with over 2,000 branches and 5.9 million borrowers.
It will be headed by Secretary, Department of Financial Services.
The 57-year-old Bhattacharya, front-runner for the post on account of years of service left, was managing director and chief financial officer of the bank prior to her elevation.
Finance secretary Rajiv Kumar was positive in formation of a committee consisting all concerned to address the issues arising out of the proposed merger of 10 banks including preserving the identity of all the banks.
Experts hail 2014 as the worst year for banks.
21 banks have launched United Payments Interface application.
Union Minister for Women and Child Development Maneka Gandhi says her ministry is working on four core areas of "safety, education, employment and confidence building," which are critical for the 58 crore women population in India which includes over 41 crore in rural areas. She also lays out the detailed roadmap for her ministry including setting up of one stop rape crises centres, hostels for working women among others.