Mumbai, Jan 21: Challa Sreenivasulu Setty took charge as Managing Director of State Bank of India with effect from January 20, the bank said on Tuesday.
Prior to this role, he was designated as the Deputy Managing Director (DMD) at the bank responsible for resolving the stressed assets portfolio across the country in different sectors such as oil, power, infra, auto and telecom.
He joined as Probationary Officer in 1988 in the SBI’s Ahmedabad Circle and went on to work in multiple geographies with specialised exposure in the area of credit and stressed asset management.
With more than three decades of experience in various functional areas of banking, he has held various positions at SBI such as VP & Head (syndications) in SBI, New York Branch, DGM in Commercial Branch, Indore, GM & RH, Corporate Account Group (CAG), Mumbai Branch, CGM, CAG and last assignment as DMD (SARG). (UNI)