Rama Mohan Rao Amara Appointed SBI MD
By Rediff Money Desk, New Delhi Dec 18, 2024 20:14
Rama Mohan Rao Amara, Deputy Managing Director of SBI, has been appointed as Managing Director for a period of three years. He will fill the vacancy created due to the elevation of CS Setty as chairman.
New Delhi, Dec 18 (PTI) The government has approved the appointment of Rama Mohan Rao Amara for the position of managing director of the State Bank of India (SBI).
Amara, Deputy Managing Director, State Bank of India, has been appointed as managing director in the bank for a period of three years, with effect from the date of assumption of charge of the post, or until further orders, whichever is earlier, the lender said in a regulatory filing on Wednesday, citing a government notification.
He will fill the vacancy created due to the elevation of CS Setty as chairman of the country's largest lender.
The SBI board is headed by a Chairman assisted by four managing directors. With the selection of Amara, SBI will get its fourth MD.
Amara, Deputy Managing Director, State Bank of India, has been appointed as managing director in the bank for a period of three years, with effect from the date of assumption of charge of the post, or until further orders, whichever is earlier, the lender said in a regulatory filing on Wednesday, citing a government notification.
He will fill the vacancy created due to the elevation of CS Setty as chairman of the country's largest lender.
The SBI board is headed by a Chairman assisted by four managing directors. With the selection of Amara, SBI will get its fourth MD.
Source: PTI
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