Batra To Take Charge As Sbi Dy Md

A K Batra, at present, the deputy managing director and corporate development officer (CDO) at the State Bank of India (SBI), will be taking over as the deputy managing director (DMD) and group executive (international banking) from P K Sarkar, who retires on November 30.

S Santhanakrishnan, who was promoted in July to the DMD's post and was temporarily looking after the corporate accounts group (CAG) of the bank as a chief general manager, will take over from Batra as the DMD & CDO.

Batra was earlier tipped to take over as a managing director (MD). However, S Govindarajan has been made the MD and group executive (national banking) of SBI. This position fell vacant after Vepa Kamesam moved to the Reserve Bank of India as a deputy governor.

N Sadasivan, chief general manager (CGM), Mumbai circle, is taking up his new assignment as the managing director of the State Bank of Indore. He was promoted to the DMD rank in July. B Behara, CGM, Bangalore circle, has already taken over as CGM.

R Sundararaman, DMD & chief credit officer (CCO) has taken up the position of DMD and group executive (associates & subsidiaries). This post fell vacant after D P Roy retired in September.

Subsequently, Roy took over as chairman of SBI Capital Markets. Former SBI Caps MD Birendra Kumar has been brought back to the parent bank as DMD and CCO.

Earlier, Chandan Bhattacharya was appointed as the DMD (inspection & management audit) based in Hyderabad to fill the vacancy created by shifting Govindarajan to the headquarters.

SBI had also promoted, N K Puri, CGM (international banking) as DMD and appointed him as the managing director of State Bank of Bikaner & Jaipur.