Strategic Minds, Elevated Titles: SBI’s Deputy MD Appointments Spark Boardroom Buzz

State Bank of India has announced two strategic senior-level appointments to reinforce its governance and operational leadership. Effective July 25, 2025, Ruma Dey and Parminder Singh will assume new roles at the bank’s Corporate Centre in Mumbai.

Key highlights:

- Ruma Dey has been appointed Deputy Managing Director (OSD), Corporate Centre, bringing her extensive experience in compliance and strategic oversight

- Parminder Singh takes charge as Deputy Managing Director & Group Compliance Officer, tasked with enhancing regulatory alignment and internal governance

- Both appointments are part of SBI’s broader leadership reshuffle, which includes promotions of seven Chief General Managers to Deputy Managing Directors

- The move aligns with SBI’s ongoing efforts to streamline decision-making and strengthen its risk and compliance frameworks across verticals

- These roles are critical to SBI’s transformation agenda, especially as it navigates digital expansion, sustainability goals, and evolving regulatory landscapes

Sources: Moneycontrol, Times Now, Whispers in the Corridors, Indian Masterminds, SBI Corporate Centre website