Government of India has appointed Ravi Ranjan as the new Managing Director (MD) of the State Bank of India (SBI). The appointment was announced on 15 December 2025, and Ranjan has officially assumed charge following the government’s notification. As State Bank Of India is India’s largest public sector bank, leadership changes at SBI are closely watched due to their impact on the country’s financial stability, credit growth, and banking reforms.
Tenure and Government Approval
- According to the government notification, Ravi Ranjan’s appointment has been approved up to the date of his superannuation, which is 30 September 2028, or until further orders, whichever is earlier.
- This tenure provides continuity in leadership at a time when SBI is focusing on digital banking expansion, asset quality management, and credit growth.
Who Is Ravi Ranjan?
- Ravi Ranjan is a career banker with extensive experience within SBI.
- Before becoming Managing Director, he held the position of Deputy Managing Director, where he was involved in overseeing key banking operations and strategic initiatives.
- His elevation reflects the government’s preference for internal leadership continuity in major public sector banks.
SBI Board Structure
- The SBI Board is headed by a Chairman and supported by four Managing Directors, each responsible for overseeing major functional verticals such as retail banking, corporate banking, global operations, and technology.
- This structure ensures distributed leadership and effective governance in India’s largest bank, which plays a crucial role in implementing government banking and financial inclusion policies.
Significance of the Appointment
- The appointment of Ravi Ranjan is significant as SBI continues to navigate challenges related to credit expansion, digital transformation, competition from private banks, and evolving regulatory requirements.
- Strong leadership at the Managing Director level is critical for steering the bank’s operational efficiency, risk management, and long-term growth strategy.
Key Takeaways
- Ravi Ranjan has been appointed as Managing Director of State Bank of India.
- He succeeded Vinay M. Tonse, whose term ended on 30 November 2025.
- Ranjan earlier served as Deputy Managing Director at SBI.
- His tenure is approved until 30 September 2028, or until further orders.
- SBI’s board consists of a Chairman and four Managing Directors.
Question
Q. Who has been appointed as the new Managing Director of the State Bank of India in December 2025?
(A) Dinesh Kumar
(B) Ravi Ranjan
(C) Rajesh Goyal
(D) Vinay M. Tonse