Challa Sreenivasulu Setty is poised to become the next chairman of the State Bank of India (SBI), the country’s largest lender, following a recommendation by the Financial Services Institutions Bureau (FSIB). Setty, with nearly 36 years at SBI, was chosen over fellow managing directors Ashwini Kumar Tewari and Vinay M Tonse after interviews in Mumbai. If approved by the Cabinet’s appointments committee, Setty will take over on August 28, succeeding Dinesh Kumar Khara. The FSIB, established in 2022, is responsible for selecting senior executives for public sector financial institutions, typically promoting from within SBI’s ranks.
Challa Sreenivasulu Setty Recommended as Next SBI Chairman
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