The government appointed Arjit Basu as Managing Director of the country’s largest lender State Bank of India (SBI). He will fill the position that fell vacant following the elevation of Rajnish Kumar as the chairman.
Now, after this, the SBI will have four managing directors. As per the SBI Act, the bank can have four managing directors. Mr Basu has held several key positions in various circles of SBI including the bank’s office in Tokyo, Japan.
Source- The Economic Times
Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-