Rana AK Singh takes over as MD of SBI
Additionally, Amara Ramamohan Rao, the bank’s top risk officer, is set to become the new MD because he is the most senior DMD now serving in the bank, according to these sources.
Rana Ashutosh Kumar Singh has assumed the role of managing director in charge of the risk compliance and stressed assets resolution group (SARG) departments at the State Bank of India (SBI) following his nomination by the government last week.
Gajendra Singh Rana, the former chief general manager of the Mumbai circle, has succeeded Singh as the nation’s largest lender’s deputy managing director (DMD) retail and real estate, according to sources.
The Appointments Committee of the Cabinet (ACC) endorsed CS Setty’s appointment as SBI Chairman for a three-year term after current chairman Dinesh Khara departs on August 28. The ACC also authorized Singh’s advancement to the position of MD. Singh’s term currently runs until his retirement on June 30, 2027.
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Additionally, Amara Ramamohan Rao, the bank’s top risk officer, is set to become the new MD because he is the most senior DMD now serving in the bank, according to these sources.
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