State Bank of India has officially appointed Ravi Ranjan as Managing Director with effect from December 15, 2025, following a government notification issued by the Department of Financial Services, Ministry of Finance. The appointment marks the culmination of the Financial Services Institutions Bureau (FSIB) recommendation process that had earlier shortlisted Ranjan from nine candidates.

Official Appointment Details

The Central Government exercised powers under the State Bank of India Act, 1955, to formalize Ranjan's appointment. Key details of his appointment include:

Professional Background

Ravi Ranjan brings over 34 years of banking experience to his new role. He joined SBI as a Probationary Officer in 1991 and has held various leadership positions across different banking domains. His career highlights include:

Key Positions Held

International Experience

Ranjan has completed two significant foreign assignments that have enhanced his global banking perspective:

• Hong Kong Assignment: Focused on Debt Syndications
• Los Angeles Assignment: Banking operations in California

These international postings have provided him with valuable exposure to global financial markets and international banking practices.

Leadership Transition

This appointment represents a planned leadership transition at India's largest public sector bank. The position was previously held by Vinay Tonse, whose term was scheduled to conclude on November 30, 2025. Ranjan's appointment ensures continuity in SBI's top management structure.

Regulatory Compliance

As part of the disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015, SBI confirmed that Ravi Ranjan is not debarred from holding the office of director by virtue of any SEBI order or other regulatory authority. The bank has fulfilled all necessary compliance requirements for the appointment.

With SBI's recent strong financial performance, including a net profit of ₹19,160.00 crore representing a 15% year-on-year increase, Ranjan takes charge at a time when the bank continues to demonstrate robust growth and market leadership in India's banking sector.

State Bank of India (SBI), India's largest public sector bank, has made a significant move to support Yes Bank's capital raising efforts. The Executive Committee of SBI's Central Board has given the green light for a substantial investment in Yes Bank's upcoming Further Public Offering (FPO).

Investment Details

• Maximum Investment: Up to Rs 1,760.00 crore
• Approval Date: July 8, 2020
• Purpose: To participate in Yes Bank's Further Public Offering

Background

The decision comes on the heels of Yes Bank's announcement to the stock exchanges on July 7, 2020, regarding its plans for capital raising. This move by SBI demonstrates its commitment to supporting Yes Bank's financial stability and growth.

Implications

This approval from SBI, a major player in the Indian banking sector, could potentially boost investor confidence in Yes Bank's FPO. The substantial investment indicates SBI's faith in Yes Bank's future prospects and its importance to the overall banking ecosystem.

What's Next

Investors and market watchers will likely keep a close eye on Yes Bank's FPO process and how SBI's investment impacts the offering's success. The infusion of capital is expected to strengthen Yes Bank's financial position, potentially leading to improved operational capabilities and market standing.

As this development unfolds, it will be crucial to monitor how it affects both SBI and Yes Bank's financial metrics and market performance in the coming quarters.