FSIB Recommends Challa Sreenivasulu Setty as SBI Chairman

The FSIB, responsible for appointing senior executives to public sector financial institutions, has recommended Shri. Challa Sreenivasulu Setty as the next Chairman of State Bank of India (SBI).

The recommendation of FSIB for appointing Shri.Challa Sreenivasulu Setty as Chairman of SBI is a proud moment for the state of Telangana as he hails from this State.

Shri Challa Sreenivasulu Setty has a vast experience of 36 years with SBI. He joined the Board of SBI as Managing Director in January 2020 and is currently heading International Banking, Global Markets & Technology verticals of the Bank. Prior to the current assignment, Shri Setty headed Retail & Digital Banking vertical. He has also been heading various task forces/ committees formed by the Government of India. A Bachelor of Science graduate in Agriculture and a Certified Associate of Indian Institute of Bankers, he started his career with State Bank of India in 1988 as a Probationary Officer. Across a career spanning over three decades, he has rich experience in Corporate credit, Retail, Digital and International banking, and banking in developed markets.

Shri Setty has held key assignments in State Bank of India including Deputy Managing Director - Stressed Assets Resolution Group, Chief General Manager and General Manager in Corporate Accounts Group, Deputy General Manager in Mid Corporate group and VP & Head (Syndications) in SBI, New York Branch.

The new chairman will take up the assignment on the same day of the retirement of present chairman. The current Chairman’s term will end in August 2024.