Rama Mohan Rao Amara Leads SBI as New Managing Director

Rama Mohan Rao Amara has been appointed as the managing director of the State Bank of India (SBI) for three years. The appointment fills the vacancy left by CS Setty's elevation to chairman. Amara, previously a deputy managing director, becomes the fourth MD under the chairman's leadership.

The government has sanctioned the appointment of Rama Mohan Rao Amara as managing director of the State Bank of India (SBI). Amara, who previously served as Deputy Managing Director, will assume his new role for a three-year term.

This decision comes following the elevation of CS Setty to chairman, thereby creating a vacancy that Amara will now fill. The government announcement, communicated via a regulatory filing, marks a key leadership update for the country's premier banking institution.

The organizational structure of SBI comprises a Chairman supported by four managing directors. With Amara's selection, the bank reinforces its executive team, ensuring continuity and strategic leadership.

(With inputs from agencies.)