Vinay M Tonse has been appointed as the managing director of the State Bank of India, according to an order by the personnel ministry said.
Tonse was working as the deputy managing director at SBI.
The Appointments Committee of the Cabinet has approved Tonse's appointment as the MD at SBI up to the date of his superannuation, i.e., Nov. 30, 2025, it said.
The country's largest lender has four managing directors and one chairman.
FSIB, the headhunter for directors of state-owned banks and financial institutions, had in Sept. recommended him for the post.
The post had fallen vacant after the appointment of Swaminathan Janakiraman as deputy governor of the RBI.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
