State Bank of India has announced the appointment of Shri Sanjay Lohiya as a Director on its Central Board. This nomination is effective from June 11, 2026, as per a Government of India notification. Shri Lohiya is not debarred from holding directorships and has no disclosed relationships with existing directors on the Central Board. This appointment is a key development for the bank’s governance structure.
Director Appointment Announced
State Bank of India is pleased to announce a significant development in its board composition. Shri Sanjay Lohiya has been officially nominated and appointed as a Director on the Central Board of the bank. This appointment comes into effect on June 11, 2026, following an official notification from the Government of India.
Details of the Appointment
The nomination of Shri Sanjay Lohiya is made under Section 19 (e) of the State Bank of India Act, 1955. His term of appointment aligns with the Government of India’s notification, referenced as eF. No. 6/2(ii)/2022-BO.I, dated June 11, 2026. This marks a crucial step in strengthening the bank’s directorial leadership.
Governance and Compliance
In accordance with governance protocols, an affirmation has been provided confirming that Shri Sanjay Lohiya is not debarred from holding the office of director by any order from SEBI or any other relevant authority. Furthermore, it has been disclosed that Shri Lohiya has no relationships with any of the current Directors on the Central Board of State Bank of India, ensuring an independent and transparent appointment.
Regulatory Filings
This disclosure is made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Master Circular dated January 30, 2026. The BSE SCRIP Code for the bank is 500112, and the NSE SCRIP Code is SBIN.
Source: BSE
