State Bank of India Publishes Director Election Notice with 8 Candidates for AGM
State Bank of India has published official gazette notification and newspaper advertisements listing 8 validly nominated candidates for the election of 4 directors at its AGM scheduled for May 15, 2026. The notice appeared in the Gazette of India on April 28, 2026, and in multiple newspapers on April 29, 2026. The AGM will be conducted through video conferencing at State Bank Auditorium, Mumbai. Candidates have until May 11, 2026, at 5:00 PM to withdraw nominations if desired.

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State Bank of India has officially published gazette notification and newspaper advertisements regarding the validly nominated candidates for the election of directors at its upcoming Annual General Meeting (AGM). The comprehensive notice outlines the electoral process for selecting 4 directors to the Central Board under the provisions of Section 19(c) of the State Bank of India Act, 1955.
Publication Details
The bank submitted copies of notices published across multiple platforms to ensure widespread dissemination of information:
| Publication Type: | Details |
|---|---|
| Gazette Publication: | Gazette of India on April 28, 2026 |
| Newspaper Advertisement: | Business Standard (English & Hindi) on April 29, 2026 |
| Regional Publication: | Aapla Mahanagar (Marathi) on April 29, 2026 |
| Reference Letter: | CC/S&B/AND/2026-27/79 dated April 27, 2026 |
AGM Schedule and Format
The Annual General Meeting is scheduled for Friday, May 15, 2026, at 3:00 PM at State Bank Auditorium, State Bank Bhavan, Madame Cama Road, Mumbai – 400021 (Maharashtra). Following current practices, the meeting will be conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) to ensure broader participation.
Validly Nominated Candidates
Against the 4 director vacancies, the bank received 8 valid nominations in accordance with Section 19A of the State Bank of India Act, 1955, read with the Reserve Bank of India (Commercial Banks - Governance) Directions, 2025. The validly nominated candidates are:
| Sr. No.: | Candidate Name | Present Address |
|---|---|---|
| 1. | Shri Arun Ananth Kamath | A-304, Samartha Aangan III, Oshiwara, Andheri West, Mumbai – 400053 (Maharashtra) |
| 2. | Shri K.R. Ashok | Tower 14, Flat No. 1903, Runwal Gardens Phase 2, Kalyan Shil Road, Dombivli (E), Thane – 421204 (Maharashtra) |
| 3. | Shri Dharmendra Singh Shekhawat | Plot No. 9, Tirupati Vatika Macheda Scheme 4C, New Loha Mandi Road, Jaipur - 302039 (Rajasthan) |
| 4. | Shri Khurshed Rustom Dordi | 1/3 Gurudeo Hatiskar Marg, Prabhadevi, Mumbai – 400025 (Maharashtra) |
| 5. | Shri Deepak Arora | 06, Cha-13, Jawahar Nagar, Jaipur-302004 (Rajasthan) |
| 6. | Shri Sandeep Natwarlal Shah | 11-B, Miramar, 3 Nepeansea Road, Near Stephen Church, Mumbai- 400036 (Maharashtra) |
| 7. | Dr. Sandhya Shekhar | 44, 3rd Street, Park Avenue, Velachery, Chennai – 600042 (Tamil Nadu) |
| 8. | Shri Sanjay Kapoor | H.No. 296, Sector 15, Panchkula-134112 (Haryana) |
Nomination Withdrawal Process
Candidates who wish to withdraw their nominations must follow a specific procedure. Any candidate intending to withdraw must deliver a request in physical form to the Managing Director (Corporate Banking & Subsidiaries), State Bank of India, State Bank Bhavan, Madame Cama Road, Nariman Point, Mumbai-400021 (Maharashtra) on or before May 11, 2026, by 5:00 PM.
Regulatory Compliance
The entire process adheres to the regulatory framework established under the State Bank of India Act, 1955, and incorporates guidelines from the Reserve Bank of India (Commercial Banks - Governance) Directions, 2025. The notice was signed by Ashwini Kumar Tewari, Managing Director, and processed through the bank's Shares & Bonds Department at the Corporate Centre.
This election process represents a crucial governance milestone for the country's largest public sector bank, ensuring proper representation and oversight through democratically elected directors to the Central Board.
Historical Stock Returns for State Bank of India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.70% | -3.16% | +4.80% | +13.70% | +31.49% | +197.29% |
How might the composition and expertise of the newly elected directors influence SBI's strategic direction and digital transformation initiatives?
What impact could the new board composition have on SBI's lending policies and risk management practices in the current economic environment?
Will the election outcome affect SBI's expansion plans in international markets or its competitive positioning against private sector banks?


































