NE BUSINESS BUREAU
MUMBAI, AUG 24
Mr. Ashwani Bhatia took charge as the Managing Director of the country’s largest lender, State Bank of India (SBI) on Monday. He would be holding this position up to the date of his superannuation that is May 31, 2022.
Mr. Bhatia will be the fourth MD of SBI with Mr. Dinesh Khara, Mr. Arijit Basu, and Mr. C S Setty being the other three. He would be responsible for the IT and Stressed Assets Resolution Group (SARG) in this new role.
Prior to his appointment as MD, Mr. Bhatia was MD & CEO of India’s largest Asset Management company, SBI Funds Management Pvt Limited.
Mr. Bhatia comes with rich experience of over three and a half decades in the State Bank Group. Before joining SBI Funds Management Private Limited, he was working as a Chief General Manager, Corporate Centre in SBI, where he was responsible for revamping of credit structure and processes of the Bank.
Mr. Bhatia started his career with SBI in 1985 as a probationary officer. Some of his key positions in the bank include Chief General Manager- SME, General Manager (Heading retail operations of Haryana, HP, Jammu & Kashmir, Punjab, and Chandigarh), and various others in Network Banking, Credit, Investment Banking and Asset Management.
He has spent more than a decade in the Bank’s treasury holding position as DGM (Forex), DGM (Interest Rates), AGM & Chief Dealer in the equities market. Mr. Bhatia has also had a stint with SBI Capital Markets as President & COO, Whole-time Director for over two years.
Mr. Bhatia is a Graduate in Physics & Mathematics from Dayalbagh, Agra, and is an MBA from Podar Institute of Management, Jaipur. His areas of interest include photography, road trips, experiencing diverse cultures, food & cuisine, and geopolitics, a release from SBI said.
