MUMBAI – Shri Ashwini Kumar Tewari has officially assumed charge as Managing Director (MD) of the State Bank of India (SBI) today, January 28, 2026. His appointment follows the Government of India notification dated December 16, 2025, which granted an extension of his tenure until his superannuation on December 31, 2027.

This leadership continuity is seen as a strategic move to maintain stability at India's largest lender as it navigates a massive digital transformation and evolving global financial landscapes.

Profile of Shri Ashwini Kumar Tewari

A career banker with over 35 years of experience, Shri Tewari started his journey with SBI as a Probationary Officer in 1991. His career is marked by a mix of high-stakes domestic roles and significant international exposure.

• Current Portfolio: Managing Director overseeing Corporate Banking & Subsidiaries. This includes the bank's large corporate credit business and key non-bank subsidiaries like SBI Card, SBI Life, and SBI Mutual Fund.
• Educational Background: He holds a degree in Electrical Engineering and is a Certified Associate of the Indian Institute of Bankers (CAIIB) and a Certified Financial Planner (CFP).

Key Career Milestones

Shri Tewari has held several pivotal leadership positions across the SBI group:

• MD & CEO, SBI Card: Led the credit card subsidiary through the critical post-pandemic period and oversaw major digital partnerships with GPay and Paytm.
• Country Head, US Operations: Based in New York, he managed SBI’s offices in Chicago, Los Angeles, and Washington DC.
• Regional Head, East Asia: Stationed in Hong Kong, he oversaw business development in China, Japan, and Korea.

SBI’s Strategic Vision for 2026-27

With the core leadership team now stabilized, SBI is focusing on its Chairman’s Policy Guidelines for FY 2026, which emphasize three key pillars:

• Digital Leadership: Accelerating the YONO 2.0 rollout to enhance customer experience through AI and advanced analytics.
• Asset Quality: Maintaining a disciplined approach to risk management while expanding the corporate credit book.
• Climate Risk: Integrating ESG (Environmental, Social, and Governance) frameworks into the bank's lending and operational strategies.