The State Bank of India (SBI) and Indian Bank have announced significant changes in their senior management, effective from early June 2025. At SBI, Deputy Managing Director (CCG-I) Gulshan Malik will retire on May 31, 2025, and will be succeeded by Ramesh Srinivas Rao, who will take over as Deputy Managing Director (CCG-I) on June 1, 2025. Additionally, Rajeev Kumar has been appointed as the new Deputy Managing Director (Internal Audit), effective from June 2, 2025.
Other key appointments at SBI include Kishore Kumar Poludasu as Deputy Managing Director (Human Resources) and Chief Development Officer (CDO), and Binod Kumar Mishra as Deputy Managing Director and Chief Operating Officer (COO). These changes aim to bring in fresh leadership and expertise to drive governance and operational efficiency at the bank.
Meanwhile, Indian Bank has also announced important changes at the board level. Ram Kumar Das, currently Chief General Manager (CGM), has been promoted and designated as Chief General Manager–COO of Indian Bank. He will also take over as Chief General Manager–Chief Compliance Officer (CCO) following the superannuation of Suresh Kumar S on May 31, 2025.
These appointments mark a strategic leadership transition for both SBI and Indian Bank, as they focus on enhancing governance, operational efficiency, and overall performance. The changes are expected to bring in new ideas, perspectives, and expertise, enabling the banks to stay competitive and responsive to the evolving needs of their customers and stakeholders.
The leadership reshuffle comes at a time when the banking sector in India is undergoing significant changes, driven by technological advancements, regulatory reforms, and shifting customer expectations. The new appointees will play a crucial role in navigating these changes and driving growth, innovation, and sustainability at their respective banks. Overall, the appointments are expected to have a positive impact on the banks’ operations, governance, and overall performance, ultimately benefiting their customers, employees, and stakeholders.