State Bank of India 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.
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New Delhi: State Bank of India, the country’s largest lender, has announced a major leadership change as three senior executives are set to retire on 30 November 2025. The update was shared through an official disclosure under Regulation 30 of SEBI’s LODR framework.
Who Is Retiring?
The retirements include key individuals from the Bank’s Retail, Finance, and Compliance divisions:
• Vinay M Tonse – Managing Director, Retail Banking and Operations
He has led important retail initiatives and digital growth strategies within the Bank.
• Saloni Narayan – Deputy Managing Director, Finance
Her retirement will lead to changes among Key Managerial Personnel and Senior Management positions.
• Ruma Dey – Deputy Managing Director, Special Projects (Compliance and Data Protection)
She played a key role in improving compliance and data governance frameworks.
Why These Changes Matter
SBI’s leadership movements usually affect:
• strategic direction of retail operations
• digital banking projects
• financial management and capital planning
• compliance and regulatory frameworks
With three senior executives retiring at the same time, this reshuffle is expected to lead to 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 changes in the coming weeks.