Our governance structure

Mr. Ashwini Kumar Tewari is a career banker and started his career in SBI in the year
1991 as a Probationary Officer and has spent more than three decades with the bank in
India and abroad in various assignments.
Presently since 21.11.2023, he is the Managing Director (Corporate Banking and
Subsidiaries) of State Bank of India and a Whole Time Director handling the portfolio of
Large Corporate and Commercial Credit business of the Bank alongwith Associates &
Subsidiaries of the Bank. This includes major non-bank business like Credit cards,
Mutual Fund, Life & General Insurance, Capital Markets, Custodial Services etc. and
serving on the boards of all these companies.
Prior to this assignment, he was Managing Director (Risk, Compliance and Stressed
Assets) since June 2022. There he was focusing on driving Climate Risk Management
in the bank and shaping the Stressed Assets Strategy of the bank. Earlier he was the
Managing Director, handling International Banking, Information Technology and Non-
Bank Subsidiaries of the Bank from January 2021. He was also involved in a big
refresh in the technology space in SBI. Prior to becoming Managing Director at SBI, he
served as Managing Director and CEO of SBI Cards and Payment Services Ltd where
he oversaw key partnerships inked with GPay, PayTM, BPCL etc. and steered the
company through the immediate aftermath of the Covid period.
Earlier, he was the Country Head of the US Operations of State Bank of India from
April 2017 to July 2020. Prior to that he was the Regional Head and General Manager,
East Asia, for SBI, based in Hong Kong.
Over the years, he held other leadership positions at State Bank of India, including, the
Deputy General Manager (Operations & Information Systems) International Banking,
Head of SBI’s Cash Management, Regional Manager, Branch Head, among others.
An Electrical Engineer by degree, he is a Certified Associate of Indian Institute of
Bankers (CAIIB), Certified Financial Planner (CFP) and has done a Certificate Course
in Management from XLRI.

Dr Pushpendra Rai has more than four decades of professional experience, as a national and international civil servant/diplomat working in diverse areas like rural and economic development; energy management; financial planning and banking; innovation and intellectual property rights; treaty negotiations; and international cooperation.

As a member of the Indian Administrative Service, apart from district and state administration, Dr Rai formulated strategies for the import of crude oil and petroleum products, participating in several international trade negotiations; managed the Oil Economy Budget; and prepared market related pricing strategies. In another assignment, he was the National Project Director for two UNDP modernization projects; Secretary- General of the Quality Council of India; Member-Secretary of the National IP Expert; Member-Secretary, Foreign Investment Promotion Council, and Executive Director of the National Renewal Fund. He was also the country’s lead negotiator at the WTO and WIPO.

He spent almost two decades with the United Nations (WIPO) based at Geneva (Director at headquarters) and Singapore (Asia-Pacific Head), handling diverse responsibilities in an Organization with 193 Member countries. He negotiated and managed the historic Development Agenda process; developed partnerships with reputable national and regional institutions; and led negotiations with Member States, intergovernmental organizations and institutions of excellence for concluding cooperation programs, strategic plans and framework agreements. Dr Rai represented WIPO at scores of senior-level international, regional and national meetings.

Dr Rai is/has been on the board/management committees of ICI (India), NID, APO (Tokyo), MDS, ATRIP, Secretary, Committee for Development and IP (UN), CIPP, Koan Advisory; SBI (chairing various board committees); and advises the ASEAN Secretariat and Indonesia on IP issues.

Dr. Rai has a master’s degree in Economics from Lucknow; another master’s from Harvard University; and a PhD from IIT, Delhi. He has lectured globally in more than 40 countries to academia, chambers of commerce, policy makers, officials, judges, students, legislators and diplomats.

Shri Rajeev Krishnan joined the State Bank of India (SBI) as a Probationary Officer in 1977 and has worked across different verticals in SBI, gathering 44 years of experience in various spheres of the banking sector. He holds a Bachelor’s degree in Science. During his long and illustrious career with SBI, he has handled many challenging assignments which include being the Chief General Manager (Stressed Asset Management) at Corporate Centre, Mumbai; President & COO at SBICAP and General Manager Network-I Kolkata. He was also posted in Bahrain for an overseas assignment.

Shri Virendra Bansal assumed the role of Managing Director & Chief Executive Officer of SBI Capital Markets Limited (SBICAPS) in February 2024. Before this appointment, he served as the Country Head for the US Operations of SBI, overseeing offices in New York, Chicago, Los Angeles, Sao Paulo, and Washington DC.

Previously, Shri Bansal held positions as the Chief Executive Officer of SBI New York Branch and Vice Chairman of SBI (California), a US Retail Banking subsidiary. He also contributed to SBI UK operations as Head of Trade and managed retail branches catering to high net worth customers.

With a banking career spanning over 33 years, Mr. Bansal has accumulated extensive experience within State Bank of India in India and abroad. Beginning as a directly recruited Probationary Officer in 1990, he has undertaken significant roles across Credit, International Banking, and Retail Banking.

Among his notable roles was Deputy General Manager & Relationship Manager at the Corporate Accounts Group of State Bank of India in Mumbai, where he oversaw relationships with major corporates, amounting to an aggregate credit exposure of approximately USD 8.00 billion.

Mr. Bansal holds a Bachelor’s degree in Mechanical Engineering and is certified in Anti Money Laundering/Know Your Customer (AML/KYC) by the Indian Institute of Bankers.

Shri Abhay Gupte is a distinguished advisory, auditing, and consulting professional who recently concluded a successful tenure as Senior Partner at Deloitte, India, culminating over four decades of dedicated service and leadership within the organization. He has garnered extensive expertise in risk management, regulatory compliance, and SOX across diverse industries. He has served India’s largest organizations and financial conglomerates including regulators. With a track record of leadership and strategic insight, he brings invaluable expertise to boardroom discussions and decision-making processes. Shri Abhay Gupte is a member of the Institute of Chartered Accountants of India (ICAI). He is also a Certified Information Systems Auditor.

Dr Pushpendra Rai has more than four decades of professional experience, as a national and international civil servant/diplomat working in diverse areas like rural and economic development; energy management; financial planning and banking; innovation and intellectual property rights; treaty negotiations; and international cooperation.

As a member of the Indian Administrative Service, apart from district and state administration, Dr Rai formulated strategies for the import of crude oil and petroleum products, participating in several international trade negotiations; managed the Oil Economy Budget; and prepared market related pricing strategies. In another assignment, he was the National Project Director for two UNDP modernization projects; Secretary- General of the Quality Council of India; Member-Secretary of the National IP Expert; Member-Secretary, Foreign Investment Promotion Council, and Executive Director of the National Renewal Fund. He was also the country’s lead negotiator at the WTO and WIPO.

He spent almost two decades with the United Nations (WIPO) based at Geneva (Director at headquarters) and Singapore (Asia-Pacific Head), handling diverse responsibilities in an Organization with 193 Member countries. He negotiated and managed the historic Development Agenda process; developed partnerships with reputable national and regional institutions; and led negotiations with Member States, intergovernmental organizations and institutions of excellence for concluding cooperation programs, strategic plans and framework agreements. Dr Rai represented WIPO at scores of senior-level international, regional and national meetings.

Dr Rai is/has been on the board/management committees of ICI (India), NID, APO (Tokyo), MDS, ATRIP, Secretary, Committee for Development and IP (UN), CIPP, Koan Advisory; SBI (chairing various board committees); and advises the ASEAN Secretariat and Indonesia on IP issues.

Dr. Rai has a master’s degree in Economics from Lucknow; another master’s from Harvard University; and a PhD from IIT, Delhi. He has lectured globally in more than 40 countries to academia, chambers of commerce, policy makers, officials, judges, students, legislators and diplomats.

Shri Rajeev Krishnan joined the State Bank of India (SBI) as a Probationary Officer in 1977 and has worked across different verticals in SBI, gathering 44 years of experience in various spheres of the banking sector. He holds a Bachelor’s degree in Science. During his long and illustrious career with SBI, he has handled many challenging assignments which include being the Chief General Manager (Stressed Asset Management) at Corporate Centre, Mumbai; President & COO at SBICAP and General Manager Network-I Kolkata. He was also posted in Bahrain for an overseas assignment.

Dr Pushpendra Rai has more than four decades of professional experience, as a national and international civil servant/diplomat working in diverse areas like rural and economic development; energy management; financial planning and banking; innovation and intellectual property rights; treaty negotiations; and international cooperation.

As a member of the Indian Administrative Service, apart from district and state administration, Dr Rai formulated strategies for the import of crude oil and petroleum products, participating in several international trade negotiations; managed the Oil Economy Budget; and prepared market related pricing strategies. In another assignment, he was the National Project Director for two UNDP modernization projects; Secretary- General of the Quality Council of India; Member-Secretary of the National IP Expert; Member-Secretary, Foreign Investment Promotion Council, and Executive Director of the National Renewal Fund. He was also the country’s lead negotiator at the WTO and WIPO.

He spent almost two decades with the United Nations (WIPO) based at Geneva (Director at headquarters) and Singapore (Asia-Pacific Head), handling diverse responsibilities in an Organization with 193 Member countries. He negotiated and managed the historic Development Agenda process; developed partnerships with reputable national and regional institutions; and led negotiations with Member States, intergovernmental organizations and institutions of excellence for concluding cooperation programs, strategic plans and framework agreements. Dr Rai represented WIPO at scores of senior-level international, regional and national meetings.

Dr Rai is/has been on the board/management committees of ICI (India), NID, APO (Tokyo), MDS, ATRIP, Secretary, Committee for Development and IP (UN), CIPP, Koan Advisory; SBI (chairing various board committees); and advises the ASEAN Secretariat and Indonesia on IP issues.

Dr. Rai has a master’s degree in Economics from Lucknow; another master’s from Harvard University; and a PhD from IIT, Delhi. He has lectured globally in more than 40 countries to academia, chambers of commerce, policy makers, officials, judges, students, legislators and diplomats.

Shri Rajeev Krishnan joined the State Bank of India (SBI) as a Probationary Officer in 1977 and has worked across different verticals in SBI, gathering 44 years of experience in various spheres of the banking sector. He holds a Bachelor’s degree in Science. During his long and illustrious career with SBI, he has handled many challenging assignments which include being the Chief General Manager (Stressed Asset Management) at Corporate Centre, Mumbai; President & COO at SBICAP and General Manager Network-I Kolkata. He was also posted in Bahrain for an overseas assignment.

Shri Virendra Bansal assumed the role of Managing Director & Chief Executive Officer of SBI Capital Markets Limited (SBICAPS) in February 2024. Before this appointment, he served as the Country Head for the US Operations of SBI, overseeing offices in New York, Chicago, Los Angeles, Sao Paulo, and Washington DC.

Previously, Shri Bansal held positions as the Chief Executive Officer of SBI New York Branch and Vice Chairman of SBI (California), a US Retail Banking subsidiary. He also contributed to SBI UK operations as Head of Trade and managed retail branches catering to high net worth customers.

With a banking career spanning over 33 years, Mr. Bansal has accumulated extensive experience within State Bank of India in India and abroad. Beginning as a directly recruited Probationary Officer in 1990, he has undertaken significant roles across Credit, International Banking, and Retail Banking.

Among his notable roles was Deputy General Manager & Relationship Manager at the Corporate Accounts Group of State Bank of India in Mumbai, where he oversaw relationships with major corporates, amounting to an aggregate credit exposure of approximately USD 8.00 billion.

Mr. Bansal holds a Bachelor’s degree in Mechanical Engineering and is certified in Anti Money Laundering/Know Your Customer (AML/KYC) by the Indian Institute of Bankers.

Shri Virendra Bansal assumed the role of Managing Director & Chief Executive Officer of SBI Capital Markets Limited (SBICAPS) in February 2024. Before this appointment, he served as the Country Head for the US Operations of SBI, overseeing offices in New York, Chicago, Los Angeles, Sao Paulo, and Washington DC.

Previously, Shri Bansal held positions as the Chief Executive Officer of SBI New York Branch and Vice Chairman of SBI (California), a US Retail Banking subsidiary. He also contributed to SBI UK operations as Head of Trade and managed retail branches catering to high net worth customers.

With a banking career spanning over 33 years, Mr. Bansal has accumulated extensive experience within State Bank of India in India and abroad. Beginning as a directly recruited Probationary Officer in 1990, he has undertaken significant roles across Credit, International Banking, and Retail Banking.

Among his notable roles was Deputy General Manager & Relationship Manager at the Corporate Accounts Group of State Bank of India in Mumbai, where he oversaw relationships with major corporates, amounting to an aggregate credit exposure of approximately USD 8.00 billion.

Mr. Bansal holds a Bachelor’s degree in Mechanical Engineering and is certified in Anti Money Laundering/Know Your Customer (AML/KYC) by the Indian Institute of Bankers.

Shri. Shesh Verma has over 31 years of banking experience, having started his career as a Probationary Officer with State Bank of India in 1991. He has held various positions in India, across multiple functions viz., Retail Banking, Commercial Banking, Branch Banking, High Value Credit, Import Export Finance, Forex Operations, Retail Branch Head, Commercial Branch Head, Controllers of Commercial Banking Branches etc.,

Prior to assuming charge as President & Chief Operating Officer of SBICAPS with effect from 23rd May 2023, his roles included General Manager at Pune with 4 corporate branches catering 200 corporate and non-corporate customers of entire Madya Pradesh and Maharashtra (ex-Mumbai), from May 2021 to May 2023.

He was DGM in Credit Management, SBI, Corporate Centre from July 2020 to April 2021, DGM and Branch Head, CCG Branch, Nehru Place, New Delhi from June 2019 to June 2020. He was RM at Overseas Branch, New Delhi from June 2018 to May 2019 with credit portfolio of 10 large corporate customers, including 4 large PSUs.

The most challenging assignment of his career was maintaining top ranking in Business growth as well as compliance amongst all 7 zones of Patna Circle, when he was the Dy GM and Zonal Head at Dhanbad, Jharkhand from Sept 2016 to May 2018 where he headed 4 regions having 180 branches including 3 SME Branches, 2 RASMECCS, 6 districts headquarter branches and 175 retails branches spread over 6 districts of State.

He was AGM & Branch Head for the Overseas Branch Moradabad (U.P.) with a team of 50 Officers and staff, engaged in providing entire range of Banking services to large exporters of metal and non-metal who supply handicrafts to entire world.

During the period 1991 to 2010, he had held assignments spanning various facets of Relationship Manager – Corporate customers at Overseas Branch, Kanpur, Team Leader – Credit Processing at LHO Lucknow, Chief Manager and Branch Head, Credit Specialist, Division Manager, Credit Officer, Human Resources Manager, Branch Manager and Assistant Manager – General Banking in Kanpur, and Lucknow, Uttar Pradesh.

He is B. Com with master’s degree in economics, CAIIB Part I & II and holds Post Graduate Diploma in Financial Advising, AMFI, MSME, General Insurance, AML & KYC.

Shri Arnab Choudhury is a Postgraduate in economics from the Delhi School of Economics. He started his professional career in State Bank of India as a Probationary Officer in 1996. Shri Choudhury has worked in the SBI treasury dealing room, both at FX and Derivatives desk and was a part of the team that drafted the derivatives trading policy for the bank. After a brief stint with RIL (ADAG) group treasury, he joined Standard Chartered Bank, Bahrain in their Financial Markets team. Prior to joining SBICAPS in August 2021, he was the country head of Financial Markets, Standard Chartered Bank in Bahrain. Shri Choudhury brings in expertise in both domestic and international financial markets in all asset classes and with clientele which includes Global Corporates, Sovereign Wealth Funds and Large Family Offices.

Amrendra Kumar Singh is a seasoned professional with 25 years of experience in banking and capital markets. Amrendra has demonstrated exceptional leadership and expertise in managing various critical functions like Asset Liability Management, International Banking, Trade Finance, Credit, Risk, Business Development and Retail Banking within SBI Group.

Throughout his career, Amrendra has been recognized for his dedication and commitment to excellence. His ability to navigate complex challenges and implement effective solutions has earned him respect and admiration from colleagues and superiors alike.

Amrendra is a Charter holder of CFA Insitute USA, an M.B.A. in Finance, and acquired several certifications, including Financial Risk Manager (FRM), Sustainability and Climate Risk (SCR), Certified Anti Money Laundering Specialist, NSE Certified Market Professional, CAIIB.