The Financial Services Institutions Bureau (FSIB) on September 4 announced its recommendation for the appointment of Vinay M Tonse as the Managing Director of the State Bank of India (SBI). The FSIB’s decision was based on a thorough evaluation of 13 candidates who were interviewed, taking into account their performance, overall experience, and adherence to established criteria.
The vacancy in the Managing Director position arose following the appointment of Swaminathan Janakiraman as the Deputy Governor of the Reserve Bank of India.
Currently holding the role of Deputy Managing Director at SBI, Vinay M Tonse is poised to assume the role of Managing Director.
