SBIN: State Bank of India has informed the Exchange about change in Senior Management
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State Bank of India has informed the exchanges of a change in its senior management. Shri Surender Rana, Deputy Managing Director (Retail-Agri & SME), will retire from the bank at the close of business on 31 August 2025 after reaching superannuation age. Shri Rajesh Kumar has been appointed as the new DMD (Retail-Agri & SME) and will assume charge from 1 September 2025. The transition is immediate and continuity in the retail, agriculture and SME vertical is maintained through an internal appointment.
This is a routine, planned succession with no disruption to operations. The Retail-Agri & SME segment, which is a large part of SBI's domestic loan book, continues under new leadership but the change is unlikely to materially affect the bank's strategy or stock price.