The central government has appointed Nagaraju Maddirala, secretary in the Department of Financial Services, Ministry of Finance, as a director on the Central Board of Directors of the State Bank of India. This nomination is effective immediately, according to an exchange filing on Friday.
The appointment will remain in place until further notice.
Earlier on Aug. 28, Challa Sreenivasulu Setty assumed charge as Chairman of SBI. He succeeds Dinesh Khara, who superannuated from services of the bank at the closing of business hours on Tuesday.
ADVERTISEMENT
Shares of State Bank of India closed 0.14% higher at Rs 815.65 per share, compared to a 0.28% advance in the BSE Sensex.
WRITTEN BY
Add us to your Preferences
Set as your preferred source on Google
ADVERTISEMENT
RECOMMENDED FOR YOU
KRBL Shares In Focus: Independent Director Resigns Over Governance Concerns
Sep 14, 2025
FSIB Recommends Ravi Ranjan As Managing Director Of SBI
Sep 11, 2025
Government Invites Applications For SEBI Whole-Time Director Position
Sep 05, 2025
Indian Banks Said To Ask RBI For Tweaks To Bond Issuance Plan
Sep 04, 2025
POPULAR
1
Stock Market LIVE: Nifty, Sensex Stuck In Narrow Range; Poonawalla Fincorp, Newgen Software Shares Rise
2
NBFCs Poised To Manage Loan Default Risks? Moody's Eyes Positive Outlook— Here's Why
3
Who’s Buying And Selling Amid Market Volatility? Insider Sell-Off Trend Signals Cautious Stance
4
CRA Charges For NPS, NPS-Vatsalya, UPS, APY Accounts Revised; Check Details
5