State Bank of India (SBI) Announces Superannuation of Key Executives
State Bank of India has announced a major leadership change as three senior executives, including MD Vinay M Tonse, retire on 30 November 2025. The move affects key roles in retail banking, finance and compliance. The disclosure was issued under SEBI’s LODR regulations.
_Announces_Superannuation_of_Key_Executives.jpg&w=1920&q=75)
New Delhi, 29 November:
State Bank of India, the country’s largest lender, has announced a significant leadership transition as three senior executives are set to retire on 30 November 2025. The update was shared in an official disclosure under Regulation 30 of SEBI’s LODR framework.
Who Is Retiring?
The retirements include key figures across the Bank’s Retail, Finance and Compliance divisions:
• Vinay M Tonse – Managing Director, Retail Banking and Operations
He has led major retail initiatives and digital expansion strategies within the Bank.
• Saloni Narayan – Deputy Managing Director, Finance
Her superannuation results in a change among Key Managerial Personnel and Senior Management positions.
• Ruma Dey – Deputy Managing Director, Special Projects (Compliance and Data Protection)
She played a crucial role in strengthening compliance and data governance frameworks.
Why These Changes Matter
SBI’s leadership movements typically influence:
• strategic direction of retail operations
• digital banking initiatives
• financial management and capital planning
• compliance and regulatory frameworks
With three senior executives retiring at the same time, the reshuffle is expected to result in new appointments and internal restructuring.
Official Statement
The disclosure was issued by Aruna N Dak, DGM, Compliance and Company Secretary.
The Bank is expected to announce successors and internal role adjustments in the coming weeks.