Rana Ashutosh Kumar Singh takes over as new MD of SBI

Mumbai: Rana Ashutosh Kumar Singh has taken over He has replaced Alok Choudhary who demitted the office on June 30. The Financial Services Institutions Bureau (FSIB) had recommended Singh’s name for the role of MD at the State Bank of India (SBI) April 24 itself.

“After conducting interviews with 16 candidates on April 23 and April 24 for the MD position at SBI, and considering their performance, overall experience, and existing criteria, the bureau has endorsed Kumar’s candidacy for the MD role,” stated FSIB.

The final decision on the recommendation was made by the Appointments Committee of the Cabinet, chaired by Prime Minister Narendra Modi quite recently. Singh, who assumed his new office on August 07, in his new role is serving as the Managing Director- Risk, Compliance & Stressed Assets Resolution Group. He had started his journey with the bank as a probationary officer on August 1, 1991. Over a span of 33 years, Singh has held diverse roles across various locations within the bank.

Throughout his career, Singh has played pivotal roles in retail banking, credit, human resources and international banking. In addition to his responsibilities in India, he has served as the CEO of the Frankfurt Branch in Germany.

Singh is a Certified Associate of the Indian Institute of Bankers and holds an MBA (PGEMP) from the SP Jain Institute of Management & Research in Mumbai. He has further honed his leadership skills and knowledge through participation in Leadership Development Programmes at esteemed institutions such as Harvard Business School, Indian School of Business in Hyderabad, and Stanford Graduate Business School.