For Quick Alerts
For Daily Alerts

    Arjit Basu Appointed as SBI's New Managing Director


    The government has appointed Arjit Basu as managing director of the country's largest lender State Bank of India (SBI). He will fill the position that fell vacant following the elevation of Rajnish Kumar as the chairman.

    Arjit Basu Appointed as SBI's New Managing Director

    The bank will have four managing directors following this announcement and the SBI Act allows the number.

    According to a statement released by SBI, the government deputy managing director Basu is appointed as managing director with effect from the date of taking over charge till his superannuation in October 2020.

    Prior to becoming deputy managing director, he served as managing director of SBI Life Insurance. A graduate in Economics and a Master of Arts in History, Basu started his career with State Bank of India in 1983 as a probationary officer. Basu has held several key positions in various circles of SBI including the bank's office at Tokyo.

    In another statement, SBI said it has also appointed a Chief Risk Officer (CRO) as per the RBI's direction. "Accordingly, executive committee of the central board in its meeting today approved appointment of Anil Kishore as deputy managing director and chief risk officer of the bank for a period up to May, 2020," it said.

    Read more about: sbi
    Story first published: Saturday, June 23, 2018, 15:46 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more