SBI Life Insurance Company Limited has informed the Exchange regarding Appointment of Mr Ramesh Venkateshamurthy as Deputy Chief Executive Officer of the company w.e.f. May 29, 2026.
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SBI Life Insurance has announced the appointment of Mr. Ramesh Venkateshamurthy as Deputy Chief Executive Officer, effective May 29, 2026. The appointment was approved by the Board based on the recommendation of the Board Nomination and Remuneration Committee. Mr. Ramesh brings extensive experience from State Bank of India, having served in various roles including Deputy General Manager - Customer Experience, Deputy General Manager - Business & Operations in Kerala, and most recently as General Manager handling Yono Retail and UPI in the Digital Banking Department since June 2023. He is a commerce graduate from Bangalore University and a Certified Associate of Indian Institute of Bankers.
The appointment of an internal SBI veteran as Deputy CEO suggests continuity in leadership and alignment with the State Bank group culture. This is a positive signal for operational stability but is unlikely to have an immediate significant impact on the stock price as it is not a top-level CEO appointment.