Thursday, November 5, 2015

P K Gupta takes charge as MD, State Bank of India

Mumbai November 4, 2015: Mr. P K Gupta takes charge of the new position as MD, State Bank of India. He will be handling the portfolio of Compliance and Risk.

Mr. P.K. Gupta has been with the State Bank of India for over three decades, having joined the Bank in 1982. Prior to this position Mr. Gupta was  Managing Director & Chief Executive Officer of SBI Capital Markets Limited (the Merchant Banking arm of State Bank of India) on 22nd June 2015. Prior to this, Mr Gupta was the Deputy Managing Director and Chief Financial Officer (DMD & CFO) of the State Bank of India.
Mr. Gupta is a commerce graduate and a Company Secretary. He is an Associate Member of the Institute of Company Secretaries of India and an Associate of the Indian Institute of Bankers. He has also held various important assignments in the Bank in India and abroad.
About State Bank of India:
State Bank of India (SBI) is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees. The Company provides Domestic Operations, International Operations and Treasury Operations. SBI group consists of SBI and five associate banks. The group has an extensive network, with over 22000 plus branches in India and over 190 offices in 36 other countries across the world. As of 31st March 2015, the group had assets worth USD 432 billion and capital & reserves in excess of USD 25 billion. The SBI has over 1/5th market share of the Indian banking sector. SBI's non- banking subsidiaries/joint ventures are market leaders in their respective areas and provide wide ranging services, which include investment banking, life insurance, general insurance, mutual funds, credit cards, factoring services, security trading, etc making the SBI Group a truly large financial supermarket and India's financial icon. The bank has over 16,000 domestic branches, 200 foreign branches and over 54,000 pan-India ATMs.

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