NE BUSINESS BUREAU
MUMBAI, JAN 21
Public Sector banking behemoth State Bank of India on Tuesday announced that Challa Sreenivasulu Setty has taken charge as the Managing Director of the bank with effect from January 20, 2020. Settu will serve this post for 3 years as per the notification by the Department of Financial Services (GOI).
Earlier, he was designated as the Deputy Managing Director (DMD) at the bank responsible for resolving the stressed assets portfolio across the country in different sectors such as Oil, Power, Infra, Auto, Telecom, etc.
Joined as Probationary Officer in 1988 in the SBI’s Ahmedabad Circle, he went on to work in multiple geographies with specialised exposure in the area of Credit and Stressed Asset Management. With over three decades of experience in various functional areas of Banking, he has held various positions at SBI such as VP & Head (syndications) in SBI, New York Branch, DGM in Commercial Branch, Indore, GM & RH, Corporate Account Group (CAG), Mumbai Branch, CGM, CAG and last assignment as DMD (SARG).
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