ACC approves appointment of Ravi Ranjan as MD of State Bank of India
The SBI board is headed by a chairman, assisted by four managing directors. The Appointments Committee of the Cabinet is headed by Prime Minister Narendra Modi
 "ACC approves appointment of Ravi Ranjan as MD of State Bank of India")
Ravi Ranjan has taken charge as one of the managing directors of State Bank of India after the Appointments Committee of the Cabinet (ACC) on Monday approved the appointment, the lender informed the stock exchanges.
As managing director, Ranjan will have Risk, Compliance, and stressed assets resolution group (SARG) departments.
Ranjan will hold the position until he attains the age of superannuation on September 30, 2028, or until further orders, whichever is earlier. Born on September 21, 1968, Ranjan brings extensive experience within SBI, where he has held several key leadership roles.
In September 2025, Financial Services Institutions Bureau (FSIB), the head hunter for directors of state-owned banks and financial institutions, had recommended Ravi Ranjan for the position of managing director of SBI replacing Managing Director Vinay M Tonse, whose term completed on November 30, 2025.
Retail banking which was headed by Tonse, will now be under managing director Rama Mohan Rao Amara while global markets will be under another managing director Rana Ashutosh Kumar Singh.
According to the SBI’s exchange filing, prior to becoming MD, Ranjan served as Deputy Managing Director (DMD), Global Markets for more than a year and also served as DMD, Corporate Accounts Group (CAG). As Chief General Manager (CGM), he headed SBI Chennai Circle (covering the State of Tamil Nadu and Puducherry) and also served as President and Chief Operating Officer (COO) at SBICAPS, Mumbai. Earlier, he headed the Retail Network as GM in Bengaluru. Ranjan has done two foreign assignments, at Hong Kong (looking after Debt Syndications), and at Los Angeles, California.
“He is a career banker who joined the Bank as Probationary Officer in 1991. He carries a rich experience of more than 34 years of working in different domains of banking and finance,” it said.