Latest News | SBI Rejigs Portfolio of MDs and DMDs

New Delhi, Nov 21 (PTI) State Bank of India (SBI) on Tuesday changed portfolios of some of its top officials with the appointment of Vinay M Tonse as the fourth managing director of the bank.

Tonse will now look after retail banking and operations, SBI said in a regulatory filing.

Also Read | Indian Navy Recruitment 2023: Vacancies Notified for 275 Trade Apprentices Posts, Apply Online at apprenticeshipindia.gov.in.

The portfolio was with Alok Kumar Choudhary earlier.

Choudhary has been entrusted with the new responsibility of Managing Director looking after Risk, Compliance & Stressed Assets Resolution Group (SARG).

Also Read | 'Zombie Deer Disease' in US: Yellowstone National Park Registers First Known Case of Disease That Leaves Animals Confused and Drooling, Know Everything About It.

Ashwini Kumar Tewari has been entrusted with new responsibility as Managing Director of corporate banking and subsidiaries, it said.

Earlier, Swaminathan J, who has been elevated as RBI Deputy Governor, was looking after this portfolio.

Mahesh Kumar Sharma, Deputy Managing Director (DMD) has been entrusted with new responsibility as DMD (Transaction Banking & New Initiatives), it said.

Another DMD Rana Ashutosh Kumar Singh has been entrusted with new responsibility as DMD Retail.

(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)