ACC appoints Challa Sreenivasulu Setty as MD of SBI

The Appointment Committee of the Cabinet has appointed Challa Sreenivasulu Setty as the Managing Director of the State Bank of India. Department of the Financial Services proposed his name to the Appointment Committee of the Cabinet for the position of Managing Director of the State Bank of India. Setty’s appointment has been done for 3 years.

Challa Sreenivasulu Setty is presently serving in the State Bank of India as its Deputy Managing Director.

Important takeaways for all competitive exams:

• Chairperson of SBI: Rajnish Kumar; Headquarters: Mumbai; Founded: 1 July 1955.

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