SBI appoints Kameswar Rao Kodavanti as CFO

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Country's largest lender State Bank of India (SBI) appointed Kameswar Rao Kodavanti as its Chief Financial Officer (CFO).

An Overview of the News

• Kameswar Rao Kodavanti officially assumed the position of CFO on July 1, 2023.

• Kodwanti's appointment follows the resignation of Charanjit Surinder Singh Attra.

• As CFO, Kodwanti will play a key role in overseeing the financial operations of State Bank of India and ensuring regulatory compliance.

About State Bank of India

• It is one of the largest and oldest banks in India.

• It was established in 1806 as the Bank of Calcutta and later renamed as the Imperial Bank of India.

• In 1955, the Government of India nationalised the bank and it became the State Bank of India.

• Establishment - 1 July 1955

• Chairman - Dinesh Kumar Khara

• Headquarters - Mumbai, Maharashtra