The appointments committee (ACC) of the Cabinet has approved the appointment of Swaminathan Janakiraman and Ashwini Kumar Tewari as new Managing Directors (MDs) of State Bank of India (SBI) for a period of three years. Prior to this, Swaminathan Janakiraman was the deputy managing director (Finance) at SBI and Ashwini Kumar Tewari was serving as MD & CEO of SBI Card, a subsidiary of SBI.
SBI is headed by a Chairman and four managing directors. Dinesh Kumar Khara is the current Chairman of the bank. The other two MDs of the bank are C.S. Setty and Ashwani Bhatia. The two posts were vacant since October 2020.
Important takeaways for all competitive exams:
- State Bank of India Headquarters: Mumbai; Founded: 1 July 1955.