SBI Life Insurance has announced the departure of its Deputy Chief Executive Officer, Mr. Dorababu Daparti. Mr. Daparti will be relieved of his duties effective from the close of business hours on May 18, 2026. This leadership change follows his appointment as the Managing Director & CEO (Designate) at SBI-SG Global Securities Services Pvt. Ltd., marking a transition within the broader banking and financial services group.
Leadership Transition Announced
SBI Life Insurance Company Limited has officially confirmed the departure of Mr. Dorababu Daparti from his position as the company’s Deputy Chief Executive Officer. The resignation is effective as of the close of business hours on May 18, 2026. This strategic realignment is a result of his new assignment as the Managing Director & CEO (Designate) for SBI-SG Global Securities Services Pvt. Ltd. based in Mumbai.
Gratitude for Service
In his formal relinquishment of charge, Mr. Dorababu Daparti expressed his sincere gratitude to the board members, the senior management team, and the entire staff at SBI Life. He acknowledged the consistent support, cooperation, and encouragement he received throughout his tenure at the company. He also extended his best wishes for the continued growth and future success of SBI Life as it prepares to achieve new milestones in the coming years.
Source: BSE
