SBI Securities, a wholly-owned subsidiary of SBI Capital Markets Ltd and a part of India’s largest and most trusted banking conglomerate, the State Bank Group, announced the appointment of NK Purohit as Chief Business Officer.
With N K Purohit at helm of affairs, SBI Securities aims to achieve leadership position in its chosen market segment, leveraging technology, lineage and reach of State Bank of India’s 22,000+ branches across India reaching 124 crore people, a statement said.
He will be responsible for SBI Securities business with its largest physical presence having 800 crores+ revenues, a customer base of around 3 million and employee base of 10,000+ to deliver scale and growth by leveraging technology to transform SBI Securities into a Financial Supermarket, according to the statement.
N K Purohit has a rich experience of more than 23 years with cutting-edge digital practices to connect business and technology, where he has contributed immensely in the field of Sales, Revenue, Asset Product Distribution, Strategy, Analytics, Product development, Technology, Customer Experience and Digital Transformation, according to the statement.
N K Purohit has done his B. Tech. (Electrical) and MBA in Marketing and Finance from IIT, Delhi, and also has certifications in “Digital Transformation for Financial Services” from Copenhagen Business School, Denmark. He was recently awarded as “Chief Digital Officer, Chief Technology Officer of the Year 2022”, besides a couple more awards for Best use of AI and ML in BFSI and Most Admired Professional in BFSI by World Leadership Council.
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