DBT Bureau
Pune, 15 Dec 2025
In a key leadership development at India’s largest lender, the Government of India has appointed Ravi Ranjan as Managing Director of State Bank of India (SBI). The appointment was notified by the Department of Financial Services, Ministry of Finance, on December 15, 2025, under the provisions of the SBI Act, 1955.
Ravi Ranjan, who was serving as Deputy Managing Director at SBI, has assumed charge with immediate effect on December 15, 2025. His tenure as Managing Director will continue until he attains the age of superannuation on September 30, 2028, or until further orders, whichever is earlier.
The appointment comes at a time when SBI is navigating a dynamic banking environment marked by credit growth, digital transformation, and evolving regulatory expectations. With his elevation, continuity in leadership is expected, given his deep institutional experience within SBI.
The bank clarified that Ravi Ranjan is not debarred by SEBI or any other authority and is not disqualified from holding the office of director, in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.
