The State Bank of India has officially announced the election of four new Directors to its Central Board. The election process, concluded on May 15, 2026, followed a rigorous nomination and electronic voting procedure. The newly appointed Directors will serve a three-year term, effective from June 26, 2026, through June 25, 2029. This leadership update is part of the bank’s governance framework under the State Bank of India Act.
Election Results and Appointments
Following a competitive election process involving seven nominations for four available vacancies, the State Bank of India has confirmed the appointment of four new members to its Central Board. The successful candidates were determined through a comprehensive e-voting process, which included both remote participation and voting during the General Meeting held on May 15, 2026.
New Board Members
The individuals elected to serve on the Central Board for the upcoming three-year tenure are:
- Dr. Sandhya Shekhar, based in Chennai, Tamil Nadu.
- Shri K.R. Ashok, based in Thane, Maharashtra.
- Shri Khurshed Rustom Dordi, based in Mumbai, Maharashtra.
- Shri Sandeep Natwarlal Shah, based in Mumbai, Maharashtra.
Terms and Governance
The appointed Directors are scheduled to commence their term on June 26, 2026, and will remain in office until June 25, 2029. These appointments ensure the continued governance of the bank, as these members have secured the highest number of votes from the shareholders during the recent election cycle.
Source: BSE
