Arijit Basu takes charges as SBI managing director

Arijit Basu takes charges as SBI managing director

IANSUpdated: Wednesday, May 29, 2019, 08:06 AM IST
article-image

Mumbai: Banking professional Arijit Basu has taken over as a new Managing Director of State Bank of India (SBI), an official said on Monday. A deputy MD of the SBI and a former MD and CEO of SBI Life Insurance Co, Basu will be in the post till October 2020 or further orders.

With his appointment, announced by the Centre last week, the SBI now has four MDs including B. Sriram, P.K. Gupta and Dinesh Khara. Former MD Rajnish Kumar was elevated as the SBI Chairman in October 2017. Basu will handle the areas of Commercial Credit and IT and also additional charge of Stressed Assets Resolution Group.

He has earlier held various key assignments in SBI including CGM, Delhi Circle, and Regional Head and CEO in Tokyo, corporate banking, international banking, retail banking, HR and Business Process Reengineering initiatives. An economics graduate with Masters in History, Basu joined the SBI as a probationary officer almost 35 years ago and is also a Certified Associate of the Indian Institute of Bankers.

RECENT STORIES

Bridging The Gap: How Technology Transforms Regulatory Compliance In Finance

Bridging The Gap: How Technology Transforms Regulatory Compliance In Finance

Mastering Network Operations: A Deep Dive Into Professional Growth In The Tech Sector

Mastering Network Operations: A Deep Dive Into Professional Growth In The Tech Sector

Mumbai: Sustainable Housing Gives Real Estate Sector A Boost In MMR

Mumbai: Sustainable Housing Gives Real Estate Sector A Boost In MMR

Divorce Disputes Spill Over To Board Room: Nawaz Modi Alleges Gautam Singhania; Uses Personal...

Divorce Disputes Spill Over To Board Room: Nawaz Modi Alleges Gautam Singhania; Uses Personal...

Meta Shares Crash Over 10% As Anxiety Over Success Of AI Surges

Meta Shares Crash Over 10% As Anxiety Over Success Of AI Surges