The Financial Services Institutions Bureau (FSIB) has recommended the appointment of Ravi Ranjan as Managing Director of the State Bank of India (SBI). Currently serving as Deputy Managing Director in the bank, Ranjan was selected after a detailed process in which nine candidates were interviewed on September 11. The bureau evaluated their performance, experience, and suitability against established benchmarks before making its recommendation.
The vacancy will arise on November 30, 2025, following the retirement of Vinay M Tonse, a veteran banker who has played a pivotal role in handling key portfolios during his tenure.
SBI, India’s largest lender, is managed by a board headed by the Chairman and supported by four Managing Directors, each overseeing critical domains of operations.
The FSIB’s recommendation will now go to the Appointments Committee of the Cabinet (ACC), chaired by Prime Minister Narendra Modi, for approval. Once cleared, Ravi Ranjan will take charge as one of SBI’s Managing Directors, marking another milestone in his career.
Also Read: Govt appoints Vinay M Tonse as MD of SBI for two years
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