Categories: Appointments

Vinay Tonse becomes new MD and CEO of SBI Mutual Fund

Vinay Tonse has been appointed as the Managing Director and Chief Executive Officer of SBI Mutual Fund (MF). He will replace Ashwani Bhatia, who has been now appointed as the managing director (MD) of State Bank of India.

Boost your Banking Awareness Knowledge with Adda247 Live Batch: TARGET GA BATCH | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams

Tonse joined SBI as a Probationary Officer in 1988 and has worked across different locations in India and abroad. Over his tenure of 32 years with the State Bank of India, he has traversed through various functions and assignments possessing rich experience in several facets of commercial banking such as corporate credit, treasury, retail and international banking.

Important takeaways for all competitive exams:
  • SBI Mutual Fund Founded: June 1987.
  • SBI Mutual Fund Headquarters: Mumbai, Maharashtra.

Find More Appointments Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Historic Glory! Jammu & Kashmir Win Ranji Trophy in Maiden Final After 67 Years

Jammu and Kashmir etched their name in history by winning the Ranji Trophy 2025-26 in…

55 mins ago

Three Major Inland Waterways Projects Opened on Brahmaputra in Dibrugarh

Union Minister Sarbananda Sonowal inaugurated three key infrastructure projects on National Waterway-2 (NW-2) along the…

57 mins ago

Exercise Vayu Shakti 2026: Indian Air Force Unleashes Firepower Near Pakistan Border

The Indian Air Force (IAF) displayed its combat power during Exercise Vayu Shakti 2026 at…

1 hour ago

UAE Launches World’s First Sovereign Financial Cloud with AI: A New Era for Secure Digital Finance

The Central Bank of the UAE has unveiled what it calls the world’s first sovereign…

1 hour ago

India’s Forex Reserves Fall $2.11 Billion to $723.61 Billion: RBI

India’s forex reserves dropped by $2.11 billion to $723.608 billion which are according to the latest…

1 hour ago

Wankhede Honours Ravi Shastri Names Stand After Former India Captain

The iconic Wankhede Stadium in Mumbai will soon have a stand named after former India…

1 hour ago