Alok Kumar Choudhary appointed as new Managing Director of SBI
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Alok Kumar Choudhary has been appointed as the new MD (Retail Business and Operations) of the country's largest bank State Bank of India.
Prior to this appointment, Chaudhary was working as Deputy Managing Director (Finance) in the bank.
Chaudhary started his job in the bank in 1987 as a Probationary Officer.
Alok Choudhary replaces Ashwini Bhatia, MD, who retired from the bank on May 31.
He was also the Deputy Managing Director (DMD) Human Resources and Corporate Development Officer in the bank and Chaudhary also served as the Chief General Manager, Delhi Circle of the bank for three years.
Besides Chowdhary, three other managing directors in State Bank of India are CS Shetty, Swaminathan J and Ashwini Kumar Tiwari.
The history of the State Bank of India begins in the first decade of the 18th century, when the Bank of Calcutta, later renamed the Bank of Bengal, was established on June 2, 1806.
The Bank of Bengal was one of the three Presidency banks, the other two being the Bank of Bombay (established on 15 April 1840) and the Bank of Madras (established on 1 July 1843).
On January 27, 1921, the Presidency Banks were merged and the reorganised banking entity was known as 'Imperial Bank of India'.
After independence, as per the provisions of the State Bank of India Act 1955, the Reserve Bank of India acquired the control of 'Imperial Bank of India'.
On July 1, 1955, the name of 'Imperial Bank of India' was changed to 'State Bank of India'.
Headquarters - Mumbai
Chairman - Dinesh Kumar Khara
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