Relinquishment of charge of Mr. Dorababu Daparti, Deputy Chief Executive Officer from the close of business hours of May 18, 2026.
SBILIFE · price
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Mr. Dorababu Daparti has stepped down as Deputy Chief Executive Officer of SBI Life Insurance Company Ltd, effective close of business hours on May 18, 2026. He is leaving to take up a new role as Managing Director & CEO (Designate) at SBI-SG Global Securities Services Pvt. Ltd., an SBI group entity. The relinquishment letter was received on May 18, 2026, and the company has intimated the stock exchanges as required under SEBI Listing Regulations. This represents an internal transfer within the State Bank of India group rather than a departure to an external competitor.
The departure of the Deputy CEO creates a senior leadership vacancy at SBI Life. However, since this is an internal promotion within the SBI ecosystem, the operational impact may be limited, and a replacement is likely to be arranged from within the group.