New Delhi, Nov 21 (PTI) Vinay M Tonse has been appointed as the managing director of the State Bank of India (SBI), according to an order by the personnel ministry said.

Tonse was working as the deputy managing director (DMD) at SBI.

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The Appointments Committee of the Cabinet (ACC) has approved Tonse's appointment as the MD at SBI up to the date of his superannuation, i.e., November 30, 2025, it said.

The country's largest lender has four managing directors and one chairman.

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FSIB, the headhunter for directors of state-owned banks and financial institutions, had in September recommended him for the post.

The post had fallen vacant after the appointment of Swaminathan Janakiraman as deputy governor of the RBI. PTI AKV

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)