SBI Life Appoints Dorababu Daparti as Deputy CEO
SBI Life Insurance Company has appointed Dorababu Daparti as its Deputy Chief Executive Officer (CEO), effective February 24, 2025. The decision, based on the Nomination and Remuneration Committee’s recommendation, strengthens SBI Life’s leadership with an experienced professional. Daparti brings over 29 years of experience in the financial sector, having served in key leadership roles at State Bank of India (SBI), including as CEO of SBI Maldives operations.
Financial Performance (Q3 FY25)
| Summary/Static | Details |
| Why in the news? | SBI Life Appoints Dorababu Daparti as Deputy CEO |
| New Appointment | Dorababu Daparti as Deputy CEO of SBI Life |
| Board Approval | Based on Nomination & Remuneration Committee’s recommendation |
| Experience | 29+ years in the financial sector |
| Education | M.Sc., CAIIB (Chartered Associate of the Indian Institute of Bankers) |
| Previous Roles | CEO, SBI Maldives (2021-2025); Deputy GM, Overseas Planning & Strategy, SBI |
| SBI Life Business | Life insurance, group insurance, annuities, ULIPs, microinsurance |
| Financial Performance (Q3 FY25) | Net profit up 71.19% (₹550.82 crore), total income down 52.21% (₹18,542.16 crore) |
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