StockWatch
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Public Sector Bank
Management Change25 Jun 2026, 05:00 pm

SBI Appoints Four New Directors Under SBI Act, 1955

AI Summary

State Bank of India (SBI) has announced the election of four new directors under Section 19(c) of the SBI Act, 1955. The elected directors are Shri Sandeep Natwarlal Shah, Dr. Sandhya Shekhar, Shri K.R. Ashok, and Shri Khurshed Rustom Dordi. This appointment is effective from June 26, 2026, with a tenure of three years, concluding on June 25, 2029. The bank has affirmed that these directors are not debarred from holding office by any SEBI order or other authorities. Brief profiles of the appointed directors, highlighting their extensive experience in finance, governance, and industry, have been attached to the filing.

Key Highlights

  • Four new directors elected under SBI Act, 1955.
  • Appointments effective June 26, 2026, for three-year terms.
  • Directors confirmed not debarred by SEBI or other authorities.
  • Appointees bring diverse expertise in finance and governance.