The centre has approved the appointment of Alok Kumar Choudhary, the State Bank of India’s deputy managing director, as managing director for a two-year term. Choudhary will now handle corporate banking and information technology in his new post at SBI, where he was previously in head of the finance portfolio.
He succeeds former MD Ashwani Bhatia, who was appointed to the Securities and Exchange Board of India as a full-time member (SEBI).
“The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Financial Services for appointment of Shri Alok Kumar Choudhary, Deputy Managing Director (DMD), State Bank of India (SBI) as Managing Director (MD) in SBI with effect from the date of assumption of office and up to the date of his superannuation (i.e., 30. 06.2024), or until further orders, whichever is earlier,” said the notification on Monday.
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Choudhary was the chief general manager of the Delhi region for three years before being named DMD. He began his work with SBI in 1987 as a probationary officer. Throughout his 32 years with the bank, he has worked in a variety of geographical areas and circles.
