StockWatch
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Public Sector Bank
Management Change12 Jun 2026, 07:51 pm

SBI Appoints Sanjay Lohiya as Director on Central Board

AI Summary

State Bank of India has announced the appointment of Shri Sanjay Lohiya as a Director on its Central Board of Directors. This nomination is made under Section 19 (e) of the State Bank of India Act, 1955, effective from June 11, 2026. Shri Lohiya is not related to any existing directors on the Central Board and has affirmed that he is not debarred from holding such an office by any SEBI order or other authority. The appointment is in line with SEBI (LODR) Regulations, 2015.

Key Highlights

  • Sanjay Lohiya appointed as Director on SBI's Central Board.
  • Appointment effective June 11, 2026, under SBI Act, 1955.
  • Director is not related to existing board members.
  • Confirmed not debarred by SEBI or other authorities.