Chairman SBI

Mr. Challa Sreenivasulu Setty

Challa Sreenivasulu Setty took charge as Chairman on 28 August 2024. He joined the Board of SBI as Managing Director in January 2020 and headed the Retail & Digital Banking vertical from 2020 till 2022 and the International Banking, Global Markets & Technology portfolio of the Bank thereafter, before his elevation to Chairman. He has also chaired various task forces/committees formed by the Government of India.

A Bachelor of Science in Agriculture and, a Certified Associate of Indian Institute of Bankers, he started his career in State Bank of India in 1988 as a Probationary Officer. With a distinguished career spanning over three decades in banking, Mr. Setty brings extensive experience and expertise in Corporate Credit, Retail, Digital and International Banking.

Shri Setty has held key assignments in State Bank of India in Stressed Assets Management, Corporate banking, Mid-Corporate banking, Global Markets, Technology and Syndications both in India and abroad.

Managing Director (Corporate Banking and Subsidiaries)

Mr. Ashwini Kumar Tewari

Mr. Ashwini Kumar Tewari is a career banker and started his career in SBI in the year 1991 as a Probationary Officer and has spent more than three decades with the bank in India and abroad in various assignments.

Presently since 21.11.2023, he is the Managing Director (Corporate Banking and Subsidiaries) of State Bank of India and a Whole Time Director handling the portfolio of Large Corporate and Commercial Credit business of the Bank alongwith Associates & Subsidiaries of the Bank. This includes major non-bank business like Credit cards, Mutual Fund, Life & General Insurance, Capital Markets, Custodial Services etc. and serving on the boards of all these companies.

Prior to this assignment, he was Managing Director (Risk, Compliance and Stressed Assets) since June 2022.  There he was focusing on driving Climate Risk Management in the bank and shaping the Stressed Assets Strategy of the bank.  Earlier he was the Managing Director, handling International Banking, Information Technology and Non-Bank Subsidiaries of the Bank from January 2021.  He was also involved in a big refresh in the technology space in SBI.  Prior to becoming Managing Director at SBI, he served as Managing Director and CEO of SBI Cards and Payment Services Ltd where he oversaw key partnerships inked with GPay, PayTM, BPCL etc. and steered the company through the immediate aftermath of the Covid period.

Earlier, he was the Country Head of the US Operations of State Bank of India from April 2017 to July 2020. Prior to that he was the Regional Head and General Manager, East Asia, for SBI, based in Hong Kong.

Over the years, he held other leadership positions at State Bank of India, including, the Deputy General Manager (Operations & Information Systems) International Banking, Head of SBI’s Cash Management, Regional Manager, Branch Head, among others.

An Electrical Engineer by degree, he is a Certified Associate of Indian Institute of Bankers (CAIIB), Certified Financial Planner (CFP) and has done a Certificate Course in Management from XLRI.

Nominee Director

Mr. S.V.Sastry

Mr. S V Sastry, a graduate in Science from Government College, Anantapur (Andhra Pradesh) joined State Bank of India as a Probationary Officer on 01st October 1985. He retired from the services of the Bank on 30th September 2022 as Deputy Managing Director (Global Markets). During his career spanning 37 years, Shri Sastry held various assignments in the Bank-both in India and abroad.

Mr.Sastry was MD & CEO of SBI DFHI Ltd., a subsidiary of the Bank and a Standalone Primary Dealer between November 2017 and May 2020. Thereafter he moved to head the domestic treasury operations of State Bank of India as DMD (Global Markets). For a major portion of his career in the Bank, he was associated with the markets both forex as well as Rupee.

Independent Director

Mr. Surya Prakash Rao Pendyala

Mr Rao is a distinguished financial services veteran with over four decades of experience in Indian Banking and Infrastructure sectors. Most recently, he served as Executive Director and Chief Investment OCicer at the National Investment and Infrastructure Fund (NIIF),India’s quasi-sovereign wealth fund, from 2017 to 2023. At NIIF, Mr Rao played a pivotal role in scaling the organization to over USD 4.5 billion in AUM, establishing key funds, raising capital, and acquiring strategic assets.

Mr Rao played a pioneering role in setting up and scaling two infra NBFCs, demonstrating a track record of spawning institutions with superior governance structures, chairing the boards and the credit committees of these NBFCs.

Mr Rao served as OCicer on Special Duty at the Department of Economic ACairs, Ministry of Finance, Government of India, where he helped operationalize the concept of NIIF. Prior to his role at NIIF, Mr Rao spent over 30 years with the State Bank of India (SBI), where he held various leadership positions. Notable roles included Chief General Manager for Tamil Nadu and Pondicherry operations, one of the largest for the Bank; General Manager of the Private Equity and Venture Capital vertical of SBI; and Deputy CEO of SBI Macquarie Infrastructure Fund. He also headed SBI’s Western Canada operations. His expertise spans Corporate Finance, Infrastructure and Project finance, Risk management, Private equity, and Venture capital.

Mr Rao’s career highlights include setting up SBI Cap Ventures Limited and playing a pivotal role in the establishment of joint venture funds such as the SBI Macquarie Infrastructure Fund, Oman India Joint Investment Fund, and the NEEV Fund.

Mr Rao is an Associate Member and a Merit Rank Holder of the Indian Institute of Cost and Management Accountants (ICMA), a Certified Information Systems Auditor (CISA), and holds a Diploma in Banking and Finance (DBF). He is also a Certified Associate of the Indian Institute of Banking and Finance (CAIIB). Mr Rao has attended executive education programs on Private Equity and Management at Harvard Business School, Indian School of Business, IIM-Ahmedabad, and IIM-Calcutta.

Independent Director

Mr. Anshuman Tripathi

Mr. Anshuman Tripathi joined SBI Ventures Limited (Formerly known as SBICAP Ventures Limited) in January 2023 as an independent board member.

He has a wide breadth of experience across international markets. Over the decades he has worked with emerging technologies, Fortune 500 companies and circular economy MSMEs. He has also been a project lead with Stanford University’s elite Alumni Consulting Team (ACT). ACT focuses on strategy consulting for corporate boards in the San Francisco Bay area. Mr. Tripathi specializes in growing entrepreneurial ecosystems across sectors, worldwide. As an impact entrepreneur, he co-founded a circular economy startup in the United States and grew its operations internationally. He also has global consulting experience in defense, aerospace, semiconductors, public policy, entrepreneurship and social innovation.

On the investment side, Mr. Tripathi focuses on startup and MSME investments from government grants to venture capital. Furthermore, Mr. Tripathi has been an advisor to large fund managers worldwide on emerging technologies. Mr. Tripathi is a Sloan Fellow from Stanford Graduate School of Business, California, with an extra certification in public policy and social innovation. He is also a graduate in Computer Science from University of California, Irvine, California.

President & Chief Operating Officer, SBI Capital Markets Limited

Mr. Shesh Ram Verma

Mr. Shesh Verma has over 31 years of banking experience, having started his career as a Probationary Officer with State Bank of India in 1991. He has held various positions in India, across multiple functions viz., Retail Banking, Commercial Banking, Branch Banking, High Value Credit, Import Export Finance, Forex Operations, Retail Branch Head, Commercial Branch Head, Controllers of Commercial Banking Branches etc.,

Prior to assuming charge as President & Chief Operating Officer of SBICAP with effect from 23^rd May 2023, his roles included General Manager at Pune with 4 corporate branches catering 200 corporate and non-corporate customers of entire Madya Pradesh and Maharashtra (ex-Mumbai), from May 2021 to May 2023.

He was DGM in Credit Management, SBI, Corporate Centre from July 2020 to April 2021, DGM and Branch Head, CCG Branch, Nehru Place, New Delhi from June 2019 to June 2020. He was RM at Overseas Branch, New Delhi from June 2018 to May 2019 with credit portfolio of 10 large corporate customers, including 4 large PSUs.

The most challenging assignment of his career was maintaining top ranking in Business growth as well as compliance amongst all 7 zones of Patna Circle,  when he was the Dy GM and Zonal Head at Dhanbad, Jharkhand from Sept 2016 to May 2018 where he headed 4 regions having 180 branches including 3 SME Branches, 2 RASMECCS, 6 districts headquarter branches and 175 retails branches spread over 6 districts of State.

He was AGM & Branch Head for the Overseas Branch Moradabad (U.P.) with a team of 50 Officers and staff, engaged in providing entire range of Banking services to large exporters of metal and non-metal who supply handicrafts to entire world.

During the period 1991 to 2010, he had held assignments spanning various facets of Relationship Manager – Corporate customers at Overseas Branch, Kanpur, Team Leader – Credit Processing at LHO Lucknow, Chief Manager and Branch Head, Credit Specialist, Division Manager, Credit Officer, Human Resources Manager, Branch Manager and Assistant Manager – General Banking in  Kanpur, and Lucknow, Uttar Pradesh

He is B.Com with Master’s degree in Economics, CAIIB Part I & II and holds Post Graduate Diploma in Financial Advising, AMFI, MSME, General Insurance, AML & KYC .

MD & CEO

Mr. Prem Prabhakar

Mr. Prem Prabhakar has been appointed as Managing Director and Chief Executive Officer at SBI Ventures Limited (Formerly known as SBICAP Ventures Limited) in June 2024. Prior to his appointment at SVL, Mr. Prabhakar was the General Manager in State Bank of India (SBI).

Mr. Prabhakar has over 24 years of extensive experience in the banking sector. He has handled assignments both in India and overseas across various functions. His assignments include being the Deputy General Manager (B&O), where he managed retail business and operations. His expertise lies in treasury operations, where he has more than 12 years of experience covering forex, money markets, derivatives, resource management, ALM, and risk management of interest rates, liquidity, funding, etc. He has also held significant positions such as Chief Dealer (Forex) at SBI Global Markets, Mumbai and Chief Dealer at SBI New York. Additionally, he served as a director on the board of Jharkhand Rajya Gramin Bank, a Regional Rural Bank.

Mr. Prabhakar is a postgraduate in humanities and holds the Certified Associate of the Indian Institute of Bankers (CAIIB) certification.