NE BUSINESS BUREAU
MUMBAI, JULY 21
SBI General Insurance Company Limited has announced, on Tuesday, the appointment of Prakash Chandra Kandpal as its new Managing Director & Chief Executive Officer (MD & CEO). He was nominated by the parent State Bank of India (SBI) for the position and has been appointed w.e.f 20th July 2020. Kandpal has been with SBI General Insurance as the Deputy CEO since June 2019, a release said.
PC Kandpal, DMD SBI, is a seasoned banker and has more than 33 years of experience with SBI. His stint at SBI involves experience in both retail and international banking, human resource, technology, and learning and development. He also had a stint in SBI Mutual Fund as the Chief Operating Officer
Pushan Mahapatra, the former MD & CEO has been appointed as Director-Strategic Investments & Digital Initiatives and continues to be Whole Time Director, SBI General Insurance, the release added.
