Mumbai, February 1, 2025 – State Bank of India (SBI) (BSE: 500112, NSE: SBIN) has announced changes in its senior management, effective February 1, 2025. The transition follows the retirement of a key executive and a new leadership assignment within the bank.
According to a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SBI disclosed the following updates:
- Retirement: Smt. Vidya Krishnan, Deputy Managing Director (IT), has superannuated from the bank’s services as of January 31, 2025.
- New Appointment: Shri Satish Rao Nagesh, currently serving as Deputy Managing Director, has been entrusted with the role of Deputy Managing Director (IT), effective February 1, 2025.
SBI, India’s largest public sector lender, continues to focus on enhancing its IT infrastructure amid growing digital banking demands. Investors and stakeholders will be keen to see how the leadership transition supports the bank’s ongoing digital transformation initiatives.