New Delhi: Vinay M Tonse was recently appointed the new Managing Director (MD) at the State Bank of India (SBI). The appointment is effective from the date of assumption of office and will continue until his superannuation on November 30, 2025, or until further orders, whichever occurs earlier. Tonse is currently serving as the Deputy Managing Director of the bank.
SBI, during a regulatory filing to the stock exchange, said, “The Central Government appoints Vinay M Tonse, Deputy Managing Director (DMD), State Bank of India (SBI) as Managing Director (MD) in SBI with effect from the date of assumption of office and up to the date of his superannuation (i.e. 30.11.2025), or until further orders, whichever is earlier.”
The MD position at SBI became vacant in June following the appointment of Swaminathan Janakiraman as Deputy Governor of the Reserve Bank.
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