What is the relationship between Arundhati Bhattacharya and State Bank of India in the context of the input sentence. Choose an answer from: product/material produced; manufacturer; distributed by; industry; position held; original broadcaster; owned by; founded by; distribution format; headquarters location; stock exchange; currency; parent organization; chief executive officer; director/manager; owner of; operator; member of; employer; chairperson; platform; subsidiary; legal form; publisher; developer; brand; business division; location of formation; creator.

Although rates of commercial paper (CP) — an instrument through which companies borrow short-term funds — are much below bank lending rates, further lowering of base rates would depend on credit offtake, State Bank of India chairman Arundhati Bhattacharya said.

Answer: employer