NEWS

SBI MD Setty’s tenure extended by 2 years

Govt extends term of State Bank of India managing director Challa Sreenivasulu Setty by two years with effect from January 20.

The government has extended the term of State Bank of India managing director Challa Sreenivasulu Setty by two years with effect from January 20.

In a regulatory filing, SBI said the government issued a notification to this effect on January 10.

"... the central government hereby extends the term of office of Shri Challa Sreenivasulu Setty, Managing Director, State Bank of India for a period of two years with effect from January 20, 2023...," the filing said.