FSIB recommends Vinay M. Tonse for position of Managing Director

5 Sep 2023 , 11:10 AM

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.

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