The Government of India has appointed Ravi Ranjan as the Managing Director of SBI, through an official notification, with the leadership change taking effect on Monday. He takes charge at State Bank of India, India’s largest public sector lender, following the completion of his predecessor’s tenure.
What changed under the Ravi Ranjan leadership
Ranjan succeeds Vinay M. Tonse, who completed his term as Managing Director on November 30, 2025. State Bank of India confirmed the appointment through a regulatory filing on Monday.
According to the notification, Ranjan will serve until his superannuation on September 30, 2028, or until further government orders, whichever comes earlier.
Ravi Ranjan career and background
Before this appointment, Ranjan served as Deputy Managing Director at SBI. In that role, he headed the Corporate Accounts Group, which oversees large corporate lending and relationships.
He brings more than 33 years of experience across banking operations. His work spans corporate banking, retail banking, treasury, international banking, and capital markets.
Previous leadership roles at SBI
During his career, Ranjan has held several senior positions within SBI and its subsidiaries. He served as President and Chief Operating Officer of SBICAP Securities. He also worked as Chief General Manager of the Chennai Circle.
Earlier, he held international roles, including Vice President and Head of Syndications at SBI’s Hong Kong operations. He also served as Deputy Managing Director and Head of Equity at Global Markets. Other roles included leadership assignments in the Bangalore Circle and the corporate centre.
Governance context at SBI
Academically, Ranjan holds an MBA from Management Development Institute, Gurugram. He also earned a Master’s degree in Botany from Patna University and holds the CAIIB qualification.
SBI’s board structure includes a chairman and four managing directors. Ranjan’s appointment comes as the bank continues to focus on balance sheet strength, credit growth, and capital optimisation amid evolving macroeconomic conditions.
