SBI appoints Rana RK Singh as Managing Director; Announces significant leadership changes
The State Bank of India has implemented significant leadership changes. Rana Ashutosh Kumar Singh has been appointed as the Managing Director for the Risk, Compliance, and Stressed Assets Resolution Group (SARG) departments at SBI, following government approval.
Gajendra Singh Rana, who previously served as the Chief General Manager of the Mumbai Circle, has taken over as the Deputy Managing Director (DMD) of Retail and Real Estate at the bank. Singh’s new role includes overseeing departments previously managed by former MD Alok Choudhary. Singh’s promotion to MD has been authorized by the Appointments Committee of the Cabinet (ACC), and his term will continue until his retirement on June 30, 2027.
The Financial Services Institutions Bureau (FSIB), the authority responsible for executive appointments at government-owned banks and non-banks, is expected to conduct interviews for SBI’s fourth MD position later this month. These changes come as CS Setty prepares to take over as SBI Chairman, succeeding Dinesh Khara, whose term ends on August 28.
