The Financial Services Institutions Bureau (FSIB) on Wednesday (24.04.2024) recommended the appointment of Rana Ashutosh Kumar Singh to the post of Managing Director (MD) in State Bank of India (SBI).
Singh is currently Deputy Managing Director (Retail- Personal Banking & Real Estate ) at SBI. FSIB had interfaced with 16 candidates on April 23 and 24, 2024 for the position of MD in SBI.
Currently, India’s largest bank has four MDs — Challa Sreenivasulu Setty, Managing Director (International Banking, Global Markets & Technology), Alok Kumar Choudhary, Managing Director (Risk, Compliance & SARG), Ashwini Kumar Tewari, Managing Director (Corporate Banking & Subsidiaries) and Vinay M Tonse, Managing Director (Retail Business & Operations).
Alok Kumar Choudhary tenure as MD ends on June 30, 2024, when he will superannuate.
The final decision on FSIB’s recommendation will be made by the Appointments Committee of the Cabinet, chaired by Prime Minister Narendra Modi. FSIB is led by former Department of Personnel and Training Secretary Bhanu Pratap Sharma.
