Digital Scoop India Official Platform of Digital Scoop India Featuring Latest & Best News #Articles #Bytes #Entertainment #DigitalScoopMagazine
Related Articles
Challa Sreenivasulu Setty officially took on the role of Chairman at the State Bank of India (SBI) on Wednesday, following the retirement of his predecessor, Dinesh Khara. SBI announced Setty’s appointment in a regulatory filing, marking the start of his tenure at the helm of the country’s largest lender.
Setty succeeds Dinesh Khara, who retired at the end of business hours on Tuesday. Prior to becoming Chairman, Setty served as the senior-most managing director at SBI, a position he held with distinction. The tradition at SBI is to appoint the chairman from among the serving managing directors, with the senior-most managing director typically being selected for the role.
With a career spanning over three decades at SBI, Setty brings extensive experience to his new position. His background includes significant roles in corporate credit, retail, digital, and international banking. He has also been involved in banking operations in developed markets.
Setty, who began his career with SBI in 1988 as a Probationary Officer, has held various key positions within the bank. These include Deputy Managing Director of the Stressed Assets Resolution Group, Chief General Manager, General Manager in the Corporate Accounts Group, Deputy General Manager in Commercial Branch, Indore, and Vice President & Head of Syndications at SBI’s New York Branch.
In addition to his role at SBI, Setty has also led various task forces and committees formed by the Government of India, showcasing his leadership and expertise in the banking sector.
Sources By Agencies
