SBI Appoints CS Setty as New Chairman Following June Interviews
CS Setty has been appointed as the new chairman of the State Bank of India (SBI), according to an official document. Setty will take over the position from Dinesh Khara, with his three-year term set to commence on or after August 28.
In June, the Financial Services Institutions Board (FSIB) conducted interviews for the role, selecting Setty as the most suitable candidate to lead India’s largest bank. Setty, who is currently one of SBI’s four managing directors, oversees the international banking, global markets, and technology divisions.
Additionally, the government has named Rana Ashutosh Kumar Singh as a managing director at SBI, as noted in the same document.
On June 29, three managing directors (MDs) of the State Bank of India (SBI) — C.S. Setty, Ashwini Kumar Tewari, and Vinay M. Tonse participated in the interview for the position of Chairman of SBI.
This interview was organized after the retirement of MD Alok Kumar Choudhary on June 30. In contrast to other public sector banks the Chairman of SBI is chosen from among its current MDs.
