B L:Mumbai, Dec. 29:2013
P. Pradeep Kumar has been appointed by the Government as Managing Director of State Bank of India.
The bank has designated Kumar as Managing Director and Group Executive (Corporate Banking).
His appointment, which is effective from December 27, is up to October-end 2015.
Prior to his elevation, Kumar was the Deputy Managing Director and Group Executive of the Corporate Banking Group in India’s largest bank.
Including Kumar, SBI now has four Managing Directors. The other three MDs are — Hemant Contractor, A. Krishna Kumar, and S. Vishvanathan.
After Arundhati Bhattacharya took charge as Chairperson of SBI in October, the position of MD and CFO has been vacant.
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