FSIB Recommends Rana Ashutosh Kumar Singh for SBI MD Position

By siliconindia  |  Wednesday, 24 April 2024, 05:47:26 PM IST

FSIB Recommends Rana Ashutosh Kumar Singh for SBI MD Position
The Financial Services Institutions Bureau (FSIB) recommended Rana Ashutosh Kumar Singh for the position of Managing Director at State Bank of India (SBI) on Wednesday. Singh currently serves as deputy managing director at SBI. SBI, the country's largest lender, has four managing directors and one chairman.
The FSIB, headed by former Department of Personnel and Training Secretary Bhanu Pratap Sharma, conducted interviews with 16 candidates on April 23 and 24. Following their performance and overall experience, the bureau chose Singh for the position.
In its statement, the FSIB stated, "Keeping in view their performance in the interface, their overall experience and the extant parameters, the Bureau recommends Rana Ashutosh Kumar Singh for the position of MD in SB".
The final decision on the FSIB recommendation will be made by the Appointments Committee of the Cabinet, which is chaired by Prime Minister Narendra Modi. Other members of the FSIB include Animesh Chauhan, former chairman and managing director of the erstwhile Oriental Bank of Commerce; Deepak Singhal, RBI's former executive director; and Shailendra Bhandari, ex-managing director of erstwhile ING Vysya Bank.
The selection of Singh for this position is seen as a crucial decision for SBI, which is one of the key financial institutions in India.

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