State Bank of India has announced a significant senior management reshuffle effective from June 2025, following the retirement of Deputy Managing Director Gulshan Malik. This move is part of SBI’s strategic plan to strengthen its leadership team and ensure seamless operational continuity as it continues to maintain its dominant position in India’s banking sector.
The key appointments in the senior management are as follows:
- Ramesh Srinivas Rao has been appointed as the new Deputy Managing Director of Corporate Centre Group I (CCG-I) and will take charge from June 1, 2025.
- Rajeev Kumar has been named Deputy Managing Director for Internal Audit, effective June 2, 2025, to reinforce the bank’s audit and compliance framework.
- Kishore Kumar Poludasu has been entrusted with dual responsibilities as Deputy Managing Director for Human Resources and Chief Development Officer.
- Binod Kumar Mishra has been appointed as Deputy Managing Director and Chief Operating Officer, responsible for driving operational strategy and enhancing efficiency.
Under the stewardship of Chairman C S Setty, SBI is actively pursuing strategic initiatives to expand its retail banking portfolio, enhance digital banking capabilities, and strengthen its overall market presence. The newly appointed senior management team is expected to play a vital role in executing these initiatives and steering the bank towards continued success.
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SBI’s focus on robust leadership and effective succession planning aligns with its vision to deliver a superior customer experience and maintain a competitive edge in the Indian banking industry. This reshuffle is expected to enhance the bank’s ability to meet growing customer expectations and capitalise on emerging opportunities in the Indian financial services sector.
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