On September 4, the Financial Services Institutions Bureau (FSIB) proposed Vinay M. Tonse for the position of managing director of State Bank of India (SBI).
‘Considering their (13 interviewed candidates) performance in the interface of their overall experience and the existing parameters, the Bureau recommended Vinay M.Tonse for the position of MD in SBI,’ the FSIB said in a statement.
The position became vacant following Swaminathan Janakiraman’s appointment as Deputy Governor of the Reserve Bank of India.
Tonse is currently holding the position of SBI’s deputy managing director. The country’s largest bank has four managing directors and one chairman.
The Appointments Committee of the Cabinet, chaired by Prime Minister Narendra Modi, would make the final decision on the FSIB recommendation.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2026, IIFL Capital Services Ltd. All Rights Reserved
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132 (Member ID - NSE: 10975 BSE: 179 MCX: 55995 NCDEX: 01249), DP SEBI Reg. No. IN-DP-185-2016, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, Merchant Banker SEBI Regn. No. INM000010940, RA SEBI Regn. No: INH000000248, BSE Enlistment Number (RA): 5016, AMFI-Registered Mutual Fund Distributor & SIF Distributor
ARN NO : 47791 (Date of initial registration – 17/02/2007; Current validity of ARN – 08/02/2027), PFRDA Reg. No. PoP 20092018, IRDAI Corporate Agent (Composite) : CA1099
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
