State Bank Of India's MD Of Risk And Compliance Alok Kumar Chaoudhary To Retire

Alok Kumar Chaoudhary, the managing director looking after the Risk, Compliance, & Stressed Asset Resolution Group, will be retiring from the services of the State Bank of India on June 30. Previously, he handled retail banking and operations.

Viswanathan Ramanthan will also be superannuating from the bank's services on June 30, SBI said in an exchange filing on Saturday.

Ramanathan held the position of Deputy Managing Director, looking after internal audits. Poludasu Kishore Kumar, Deputy Managing Director, will now take over the responsibilities after Ramanathan.

The shares of State Bank of India on Friday closed 0.56% higher. This compares to a 0.27% decline on the BSE Sensex index.