Ashwini Kumar Tewari has been reappointed as Managing Director of State Bank of India after receiving approval from the Appointments Committee of the Cabinet. His tenure has been extended from January 27, 2026, to December 31, 2027. He will continue to serve as a whole-time director on the board of the country’s largest lender, where he oversees the corporate banking vertical and the bank’s non-banking subsidiaries.
The reappointment is aimed at ensuring leadership continuity at a time when State Bank of India is strengthening its corporate banking franchise, expanding its digital capabilities, and deepening its presence across global and domestic financial markets. Tewari’s continued presence on the board is also expected to support governance stability and strategic execution across the SBI group.
With more than three decades of experience at State Bank of India, Tewari is regarded as one of the institution’s most seasoned leaders. Over the years, he has built deep expertise across corporate banking, risk management, regulatory compliance, international operations, and group subsidiary oversight. His professional journey reflects a strong blend of operational leadership and strategic exposure across multiple geographies and business verticals.
In his previous assignments, Tewari has held several high-impact leadership roles, including positions at SBI Card and Payment Services, SBI International Banking, and SBI’s US operations. He has also led SBI’s East Asia operations from Hong Kong, overseeing business across China, Japan, Korea, and Hong Kong. These roles have provided him with extensive experience in cross-border banking, payments, and global financial services.
Currently, Tewari serves on the boards of several key SBI group entities, including SBI Life Insurance, SBI Mutual Fund, SBI General Insurance, SBI Capital Markets, SBI Ventures Limited, and SBI Foundation. Through these responsibilities, he plays a critical role in shaping strategy, governance frameworks, and long-term growth plans across the SBI ecosystem.
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His reappointment comes as SBI continues to focus on innovation-led growth, digital transformation, and customer-centric product development. With India’s banking landscape undergoing rapid change, Tewari’s extended tenure is expected to reinforce the bank’s efforts in strengthening corporate relationships, improving operational resilience, and driving sustainable expansion across its diverse financial services portfolio.
