Rana Ashutosh Kumar Singh Appointed SBI Managing Director

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Rana Ashutosh Kumar Singh has been appointed as the Managing Director (MD) of State Bank of India (SBI), overseeing the Risk Compliance and Stressed Assets Resolution Group (SARG) departments.

An Overview of the News

• The ACC has also authorized Singh’s promotion to MD, with his term set to continue until his retirement on June 30, 2027.

About Rana Ashutosh Kumar Singh

• He has 30 years of experience with expertise in Retail Banking, Credit, Human Resources, and International Banking, having held various positions across different locations in the Bank.

• Previous Key Positions:

  • Deputy Managing Director (HR) & Corporate Development Officer at Corporate Centre

  • Chief General Manager at Chandigarh Circle

  • Chief Executive Officer, State Bank of India, Frankfurt Branch, Germany

• Education and Certifications:

  • Certified Associate of Indian Institute of Bankers

  • MBA (PGEMP) from S.P. Jain Institute of Management & Research, Mumbai

  • Leadership Development Programme at Harvard Business School and Indian School of Business, Hyderabad

Other Appointments

• Gajendra Singh Rana, former Chief General Manager of the Mumbai circle,has been appointed as the Deputy Managing Director (DMD) for Retail and Real Estate at SBI, succeeding Singh.

• The Appointments Committee of the Cabinet (ACC) has approved CS Settyas the new SBI Chairman for a three-year term, effective after the current chairman Dinesh Khara's term ends on August 28.

About State Bank of India:

• Origin: Began as the Bank of Calcutta in 1806, renamed Bank of Bengal in 1809. Followed by the Bank of Bombay (1840) and the Bank of Madras (1843).

• 1921: Merged to form the Imperial Bank of India.

• 1955: Nationalized and renamed State Bank of India (SBI) following the Gorwala Committee's recommendation.

• Current Status: SBI is the largest commercial bank in India.

  • Chairman: Challa Sreenivasulu Setty

  • Managing Director:  Rana Ashutosh Kumar Singh

  • Headquarters: Mumbai

  • Tagline: "The Banker To Every Indian"