SBI announces restructuring of roles and responsibilities at HR and Tech verticals 

by Suman Gupta

• Shri Om Prakash Mishra is now designated as DMD (HR) & Corporate Development Officer

• Shri Ravindra Pandey takes charge as DMD & Chief Information Officer

• Shri Rana Ashutosh Kumar Singh is the new DMD (Strategy) & Chief Digital Officer

Mumbai – 26 July, 2021: State bank of India (SBI) has announced few key reshuffling in the bank’s HR and Technology departments. Shri Om Prakash Mishra who was elevated to the post of Deputy Managing Director (DMD) in May 2021, is now designated as DMD (HR) & Corporate Development Officer (CDO). He has taken over from Shri Rana Ashutosh Kumar Singh who is now holding the portfolio of DMD (Strategy) & Chief Digital Officer. Shri Ravindra Pandey who was serving as DMD (Strategy) & Chief Digital Officer, has now taken charge as DMD and Chief Information Officer (CIO).

In his new role, Shri Ravindra Pandey is leading the entire IT Ecosystem of the Bank including the running of SBI’s Core Banking System, Digital Channels as well as 400+ applications. He is working towards future proofing SBI by implementing emerging technologies like AI, ML, Analytics, Robotics, Blockchain etc. Shri Pandey has gathered a rich banking experience of over three and a half decades in Digital Transformation, Digital Banking, Payment Solutions, Retail, Corporate and International Banking. He has also had international experience of heading SBI’s Paris (France) operations as CEO.

Shri Rana Ashutosh Kumar Singh, who has been associated with SBI for nearly three decades, has handled important assignments in Retail Banking, Credit, HR and International Banking. He has served the bank as CGM at SBI Chandigarh Circle as well. He was also heading operations of the bank in Germany as CEO of Frankfurt Branch.

Prior to becoming the DMD, Shri Om Prakash Mishra has held the position of Chief General Manager (CGM) of SBI Hyderabad Circle. He has served the bank at various positions in different geographical locations, including inter alia Regional Manager at Regional Business Office, Muzaffarpur, Deputy General Manager (DGM) (B&O), at Bilaspur and Lucknow along with Network General Manager in Guwahati and Delhi Circles.

About State Bank of India:State Bank of India is the largest commercial bank in terms of assets, deposits, branches, customers, and employees. It is also the largest mortgage lender in the country which has so far fulfilled the home buying dreams of 30 crore Indian families. The home loan portfolio of the bank has crossed the milestone of Rs. 5 lakh crore. As on March 31, 2021, the bank has a deposit base of nearly Rs. 37 lakh crore with CASA ratio of over 46% and advances of more than Rs. 25 lakh crore. SBI commands a market share of 34.53% and about 32% in home loans and auto loans segment respectively. The bank has auto loan book of Rs. 76,322 crore. SBI has the largest network of 22,219 branches and 62,671 ATM / CDM in India with BC outlets close to 72,000. The number of customers using internet banking and mobile banking stand roughly at 89 million and 20 million respectively. The integrated digital and lifestyle platform by SBI – YONO has a download figure of 74 million. YONO which has over 37 million registered users, witnesses 9 million logins per day. Accelerating the digital agenda, SBI has opened approximately 2 million accounts through YONO in the quarter ended March 2021 with over 93% of YONO eligible savings bank customers migrated on YONO. In terms of digital lending, the bank disbursed pre-approved personal loan (PAPL) worth around Rs. 5300 crore via YONO in the same quarter. YONO is also a global name having tasted its success in international markets as well.  On social media platforms, SBI has the highest number of followers on Facebook and Twitter amongst all banks worldwide.