FSIB recommends Ravi Ranjan as Managing Director of State Financial institution of India

Ravi Ranjan has been beneficial for the function of Managing Director of State Financial institution of India (SBI) by
Monetary Providers Establishments Bureau (FSIB), the headhunter for administrators of state-owned banks and monetary establishments.

Ranjan is at the moment the Deputy Managing Director and can be changing Vinay M Tonse, who will full his time period on November 30.

FSIB interviewed 9 candidates on September 11, 2025, for the place of MD, the Bureau stated in an announcement.

“Retaining in view their efficiency within the interface, their total expertise and the extant parameters, the Bureau recommends Ravi Ranjan for the place of MD in SBI,” it stated.

The SBI board is headed by Chairman, assisted by 4 managing administrators.

Nonetheless, the ultimate resolution on FSIB’s suggestion can be taken by the Appointments Committee of the Cupboard, headed by Prime Minister Narendra Modi.

FSIB is headed by former Secretary, Division of Personnel and Coaching (DoPT), Bhanu Pratap Sharma.

Different members are Animesh Chauhan, former chairman and MD of erstwhile Oriental Financial institution of Commerce, RBI’s ex-executive director Deepak Singhal, and Shailendra Bhandari, former MD of erstwhile ING Vysya Financial institution.