SBI General Insurance Names Naveen Chandra Jha as New MD & CEO

SBI General Insurance Company Ltd. has appointed Shri Naveen Chandra Jha as its new Managing Director and Chief Executive Officer. He succeeds Shri Kishore Kumar Poludasu, nominated by parent company State Bank of India.

Professional Background

Shri Naveen Chandra Jha brings nearly three decades of experience with State Bank of India, holding various critical roles including Deputy Managing Director and Chief General Manager of Amaravati Circle, Andhra Pradesh, before assuming his new role.

Strategic Vision

Jha aims to leverage his extensive financial industry expertise to drive SBI General Insurance towards greater success, focusing on holistic business strategy, operational excellence, and strategic growth initiatives.

Commitment to Excellence

Known for his emphasis on human resource engagement and customer-centricity, Jha advocates for high service standards and operational quality, aligning with SBI General Insurance’s mission to provide “Suraksha aur Bharosa Dono” to its clients.

Financial Update

In the fiscal year ending March 31, 2024, SBI infused Rs 489.67 crore into SBI General Insurance and allotted ESOP to employees, reducing its stake from 69.95% to 69.11%.