The State Bank of India (SBI) has announced a major reshuffle in its senior management, with several changes set to take effect in early June 2025.
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Mr. Gulshan Malik, Deputy Managing Director (CCG-I), will superannuate from service on 31st May 2025. Following his retirement, Mr. Ramesh Srinivas Rao will take over as Deputy Managing Director (CCG-I), assuming charge on 1st June 2025. Meanwhile, Mr. Rajeev Kumar has been appointed as the new Deputy Managing Director (Internal Audit), effective from 2nd June 2025.
Additionally, Mr. Kishore Kumar Poludasu has been assigned the role of Deputy Managing Director (Human Resources) and Chief Development Officer (CDO), while Mr. Binod Kumar Mishra has been appointed as Deputy Managing Director and Chief Operating Officer (COO).
In a parallel move, public sector lender Indian Bank has also announced important changes at the board level. Mr. Ram Kumar Das, currently Chief General Manager (CGM), has been promoted and designated as Chief General Manager–COO of Indian Bank.
Furthermore, Mr. Suresh Kumar S, General Manager (Compliance) and Chief Compliance Officer (CCO), demitted office upon his superannuation on 31st May 2025. Following this, Mr. Ram Kumar Das has also been designated as Chief General Manager–Chief Compliance Officer (CCO), according to an exchange filing by the bank.
These appointments mark a strategic leadership transition for both SBI and Indian Bank as they move forward with renewed focus on governance and operational efficiency.
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