Mumbai, June 15 -- The appointment has been approved by the bank's board in accordance with applicable provisions of the Banking Regulation Act, 1949.

Pushan Mahapatra is a career banker with over 40 years of experience, including 35 years with the State Bank of India (SBI) group. He has held senior leadership roles across retail and corporate banking, technology, compliance, and audit functions. He also served as vice president (Systems & Internal Audit) at SBI's Hong Kong branch for over four years.

He previously headed SBI General Insurance Company as MD & CEO for nearly five years, where he is credited with strengthening the company's performance and positioning it among leading private sector general insurers in India.

Currently, ...