New Direction, New Energy: Ruma Dey Takes Charge of SBI’s Critical Projects

The nation's largest lender, State Bank of India (SBI), has named Ruma Dey its Deputy Managing Director (Special Projects) in its Corporate Centre at Mumbai. This is part of an overall senior management overhaul to further strengthen implementation of strategic projects and initiatives.

Key Highlights
Ruma Dey has been elevated as Deputy Managing Director (Special Projects) with effect from July 25, 2025. Her area of responsibility will include the bank's priority projects and innovation initiatives at the Corporate Centre.

Ruma Dey has worked as TEGSS-II (Top Executive Grade Scale – II) in SBI, with a wealth of experience in her new enlarged leadership role.

The overhauling of leadership also includes Parminder Singh assuming the role of Deputy Managing Director & Group Compliance Officer. These appointments are aimed at augmenting governance and operating strategy in SBI's rapidly evolving banking landscape.

The management revamp at SBI comes after it was recently named "World's Best Consumer Bank for 2025" by Global Finance magazine, an indication of global recognition of its customer-friendliness and operating efficiency.

Other strategic announcements this month include plans for a board meeting on August 8, 2025, to review FY26 Q1 results, and operational maintenance for digital banking platforms, demonstrating SBI’s proactive stance in governance and technology.

Quote:
"These appointments reflect SBI's commitment to bolster leadership and inject new energy for special projects that are vital for the bank's future growth," said a senior SBI official.

Source: TradingView, CapitalMarket, ScanX