SBI's new Managing Director (MD)

• The central government has appointed Ravi Ranjan as the new Managing Director (MD) of the State Bank of India (SBI).

• This appointment was announced on December 15, 2025, and he formally assumed charge after the government notification.

• Leadership changes at SBI, India's largest public sector bank, are considered extremely important from the perspective of the country's financial stability, credit growth, and banking reforms.

• According to the government notification, Ravi Ranjan's appointment has been approved until his retirement date of September 30, 2028, or until further orders, whichever comes first.