Disclosure regarding change in Management
Awaiting price reaction for this filing.
State Bank of India has informed stock exchanges about multiple changes in its senior management team, effective from late May and early June 2025. Deputy Managing Director (CCG-I) Gulshan Malik will superannuate (retire) from the bank's services on May 31, 2025. Ramesh Srinivas Rao will take over as the new DMD (CCG-I) from June 1, 2025, while Rajeev Kumar will assume charge as DMD (Internal Audit) from June 2, 2025. Additionally, Kishore Kumar Poludasu has been given the new responsibility of DMD (HR) & CDO, and Binod Kumar Mishra has been assigned as DMD & Chief Operating Officer.
This is a routine, planned internal reshuffle at SBI involving one retirement and four in-house reassignments. No major disruption is expected for shareholders, as senior officials are being moved within the bank's existing leadership pool.