Markets

Government appoints Ashwani Bhatia as SBI MD

Mumbai: The government on Friday appointed Ashwani Bhatia as the managing director of lender State Bank of India.

In an order from the Personnel Ministry late Friday, the government said Bhatia has been appointed as the managing director up to the date of his superannuation, that is May 31, 2022. Bhatia will be appointed in place of P K Gupta who superannuated on March 31.

In May, Banks Board Bureau, headed by former Department of Personnel and Training Secretary B P Sharma, had recommended Bhatia for the coveted position.

Bhatia has already spent 34 years with the State Bank group, his profile on professional networking website LinkedIn showed. He is currently the deputy managing director and chief executive officer of SBI Mutual Fund.
In his prior roles, he was the Chief General Manager at SBI and also served as the President, COO and whole-time director at SBI Capital Markets .

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Markets-Economic Times

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