India’s largest lender State Bank of India has appointed Alok Kumar Choudhary as Managing Director, with effect from June 7, 2022.
According to the bank’s exchange filing, “Vide Notification No.: eF. no. 21112021-BO.ldated 07th June,2022 issued by Department of Financial Services, Ministry of Finance, Government of lndia, it has been notified that “in exercise of the powers conferred by clause (b) of Section 19 read with sub-section (1) of Section 20 of the State Bank of India Act, 1955 (23 of 1955), the Central Government, hereby appoints Shri Alok Kumar Choudhary (date of birth: 06.06.1964), Deputy Managing Director (DMD), State Bank of India (SBI) as Managing Director (MD) in State Bank of India with effect from the date of assumption of office and up to the date of his superannuation (i.e. 30.06.2024), or until further orders, whichever is earlier.”
Choudhary joined State Bank of lndia as a Probationary officer in 1987 and worked across multiple domains including Retail Banking, Commercial Banking, MSME, Agri & Rural business, Branch Management, Human Resources and Finance. He is a seasoned banker with over 35 years of experience in various leadership and functional capacities at Branches, Regional Offices, Zonal Offices, Local Head Offices and Corporate Office Level.
Prior to his elevation as Managing Director, Choudhary was heading the finance vertical of the Bank working as Dy. Managing Director (Finance)where he was responsible for Strategic Planning and Budgeting, Performance Analysis to support optimum business and strategic decisions, Capital Planning and Capital Raising, lnvestor Relations, Financial Reporting, Audit, Asset & Liability Management and Balance Sheet Management. He has also headed the HR vertical of the Bank leading multiple, complex, and high impact initiatives. He was on the Board of SBI Foundation and SBI lnfra Management Solutions Private Ltd. As Deputy Managing Director & Corporate Development Officer of the Bank, he was also the Chief Sustainability Officer of SBl. Prior to that, he has headed Delhi Circle of SBI in 2016, where he implemented merger of Associate Bank Branches and successfully managed the change process in terms of Customers, Business Mix, Growth and Culture leading to increased business and profits.
Choudhary is a science graduate and also holds a Masters in Rural Development. He is a Certified Associate of lndian lnstitute of Banking & Finance and has participated in different conferences / seminars and different training programmes at llM Lucknow, ISB Hyderabad. He has also attended GlobalAdvanced Management Program in Silicon Valley, USA
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