NEWS

SBI shuffles portfolios of top officials

New MD Vinay Tonse gets retail banking and operations while Alok Choudhary moves to risk, compliance & stressed assets; Ashwini Tewari gets corporate banking and subsidiaries. 

After Vinay M Tonse was appointed as the fourth managing director, State Bank of India (SBI) on Tuesday changed portfolios of some of its top officials.

Taking over the portfolio of Alok Kumar Choudhary, Tonse will look after retail banking and operations.

Choudhary is made the managing director of SBI’s Risk, Compliance & Stressed Assets Resolution Group (SARG), a function earlier held by Ashwini Kumar Tewari.

Tewari has been entrusted with new responsibility as managing director of corporate banking and subsidiaries, SBI 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), SBI said.

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