SBILIFEBSESBI Life Insurance Company LtdMinimalNeutral
Announced Fri, 29 May · 19:14 IST

Please find attached disclosure under Regulation 30 of SEBI (LODR) Regulations 2015

SBILIFE · price

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Price reaction · full curve 14 horizons · vs prior close
-2.0%1-day move
₹1839.00
prior close
₹1839.00
base price
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AI summary

SBI Life Insurance Company has announced the appointment of Mr. Ramesh Venkateshamurthy as Deputy Chief Executive Officer (Dy. CEO), effective May 29, 2026. The appointment was approved by the Board of Directors based on the recommendation of the Board Nomination and Remuneration Committee. Ramesh is a commerce graduate from Bangalore University and a Certified Associate of the Indian Institute of Bankers. He brings over two decades of experience at State Bank of India (SBI), having served in various senior roles including Deputy General Manager - Customer Experience and Deputy General Manager - Business & Operations. Most recently, he served as General Manager (Yono Retail) & UPI in SBI's Digital Banking Department since June 2023, overseeing digital adoption initiatives and the bank's UPI portfolio. No relationships between the new appointee and existing directors have been disclosed.

Likely market impact

The appointment brings a senior SBI veteran with extensive digital banking and operations experience into the senior leadership team, which could strengthen execution of SBI Life's digital strategy and distribution capabilities given the parent's digital ecosystem.