FSIB recommends Rana Ashutosh Kumar Singh as SBI MD, Asheesh Pandey as Indian Bank MD

FSIB interfaced with 17 candidates from various public sector banks on April 23 and 24, 2024 for the forthcoming positions of MD and CEO in public sector banks.

FSIB recommends Rana Ashutosh Kumar Singh as SBI MD, Asheesh Pandey as Indian Bank MD

The Financial Services Institutions Bureau (FSIB) has recommended the appointment of Rana Ashutosh Kumar Singh for the position of Managing Director at State Bank of India and Asheesh Pandey for the position of MD & CEO at Indian Bank, respectively.

Mr. Singh is currently Deputy Managing Director (Retail- Personal Banking & Real Estate ) at SBI. The recommending board has so far interacted with 16 candidates on April 23 and 24, 2024 for the position of MD in SBI.

India’s largest bank SBI has four MDs -- Challa Sreenivasulu Setty, Managing Director (International Banking, Global Markets & Technology), Alok Kumar Choudhary, Managing Director (Risk, Compliance & SARG), Ashwini Kumar Tewari, Managing Director (Corporate Banking & Subsidiaries) and Vinay M Tonse, Managing Director (Retail Business & Operations).

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Choudhary tenure as MD ends on June 30, 2024, upon his superannuation.

Mr. Pandey is currently the Executive Director at the Bank of Maharashtra (BoM). He took charge as ED of the public sector bank in December 2021.

FSIB interfaced with 17 candidates from various public sector banks on April 23 and 24, 2024 for the forthcoming positions of MD and CEO in public sector banks.  Earlier, ascending as ED, Pandey was Chief General Manager and Chief Operations Officer at Union Bank of India.

 

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Currently, Shanti Lal Jain is the MD and CEO of Indian Bank. He assumed charge on  September 1, 2021. Prior to this, he served as Executive Director of Bank of Baroda (BoB) for three years, from September 2018 to August 2021.

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