Banks Board Bureau recommends names for two SBI MDs


The Banks Board Bureau (BBB) has recommended Swaminathan Janakiraman and Ashwini Kumar Tewari for the two vacant managing director posts at the State Bank of India. This came after a long and grueling selection process, marred by the COVID-19 lockdown.

While Janakiraman is now the deputy managing director – finance at SBI, Tewari heads the SBI Cards and Payment Services.

Janakiraman had joined the country’s largest lender in 1988 as a probationary officer and worked across the verticals both in India and New York, and is holding the post of Deputy Managing director- Finance.

Ashwani Kumar Tewari was appointed as MD and CEO at the SBI Cards a few months ago and was the country head of the US operations of SBI since April 2017.