Govt appoints CS Setty as SBI chairman for 3 years from Aug 28
This story was originally published at 06:00 IST on 7 August 2024
Register to read our real-time news.Informist, Tuesday, Aug 6, 2024
MUMBAI – The government has appointed Challa Sreenivasulu Setty as the next chairman of the State Bank of India for three years starting Aug 28, as per an order by the Appointments Committee of the Cabinet.
Setty, currently a managing director at the bank, will replace Dinesh Khara as chairman of the country's largest bank by asset size. Khara was appointed as SBI chairman in October 2020 for a period of three years. The government had last year extended his term, which is set to conclude on Aug 28, when he reaches the retirement age of 63.
The Financial Services Institutions Bureau had recommended Setty for the position in June after interacting with two other candidates.
The government has also appointed Rana Ashutosh Kumar Singh as managing director at SBI. The Financial Services Institutions Bureau had in April recommended Singh for the position. Singh is presently holding the position of SBI's deputy managing director for retail – personal banking and real estate.
Today, shares of the bank ended 1.7% lower at 797.70 rupees on the National Stock Exchange. End
Reported by Shubham Rana
Edited by Aditya Sakorkar
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2024. All rights reserved.
To read more please subscribe
Share this Story:
