The Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, on Wednesday (16.03.2022) recommended Alok Kumar Choudhary for the post of Managing Director (MD) in State Bank of India (SBI).
Choudhary, who is Deputy Managing Director (Finance) in SBI, will replace Ashwini Bhatia who has been appointed a whole time member of Sebi.
Prior to this, he was Chief General Manager of Delhi region for three years.
The name of Vinay M Tonse, who is MD & CEO of SBI Mutual Fund, has been kept as the candidate on the reserve list for the post of MD of the SBI. The members of the Banks Board Bureau interviewed 21 candidates on March 5-6; March 11-12 & March 15- 16, 2022 for the said vacancy.
The final decision on the appointment will be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi.
