Public lender State Bank of India (SBI) has appointed Chalasani Venkat Nageswar as its new Chief Financial Officer (CFO) as per lender’s filing with the stock exchanges.
“Shri Chalasani Venkat Nageswar, Deputy Managing Director, International Banking Group has been given additional charge of Deputy Managing Director & CFO with immediate effect till further orders,” said the bank in its filing.
The decision comes days post the Reserve Bank (RBI) superseded private lender Yes Bank and appointed SBI’s Former Deputy Managing Director and CFO, Prashant Kumar as its administrator.
As per the new appointment, Nageswar will be balancing the responsibility of being Deputy Managing Director, International Banking Group along with the additional charge of CFO.
He holds over three decades of experience and has diverse knowledge across several aspects of banking, foreign exchange, money markets, equities and investments. He currently oversees the treasury portfolio of the bank.
For years, Nageswar has been associated with various positions both in India and abroad, posting in Bahrain, Bangalore, and most recently in Hong Kong where he held the role of Regional Head (East Asia) for the bank.
He holds a graduate degree in Organisational Leadership from the University of Chicago Booth Executive Education.
