Naveen Chandra Jha Appointed as MD & CEO of SBI General Insurance

Tags: Person in news

Naveen Chandra Jha has been appointed as the new Managing Director and Chief Executive Officer (MD & CEO) of SBI General Insurance Company Limited.

An Overview of the News

• His nomination came from the parent company, State Bank of India (SBI), replacing Kishore Kumar Poludasu.

• Before his current role, Jha served as the Deputy Managing Director of SBI and has been associated with SBI since 1994.

• He has held various key positions including Chief General Manager (CGM) of Amaravati Circle, Andhra Pradesh (AP).

• Jha's experience spans Branch Management, Credit and Risk Management focusing on Small and Medium Enterprises (SME) Credit, Human Resources (HR) & Administration, and Retail Banking.

• In the fiscal year ending on March 31, 2024, SBI infused additional capital amounting to Rs 489.67 crore into SBI General Insurance Company Ltd.

About SBI

• Founded as Bank of Calcutta in 1806, later renamed Bank of Bengal.

• Merged with Bank of Bombay and Bank of Madras in 1921 to form Imperial Bank of India.

• Renamed State Bank of India on July 1, 1955, after independence.

• Headquarters located in Mumbai.

• Current Chairman: Dinesh Kumar Khara.