P K Gupta elevated as SBI Managing Director

State Bank of India has designated P K Gupta as MD for period of four years(March 2020) in place of Corporate Banking head P Pradeep Kumar. He was of DMD(Deputy Managing Director) rank, is currently Managing Director of the bank’s investment banking arm SBI Caps.

• The other three serving MDs at SBI are B Sriram(national banking group), V G Kannan( associates and subsidiaries) and Rajnish Kumar(compliance and risk).
• About P K Gupta: Mr. Gupta, 55, was the Deputy Managing Director and Chief Financial Officer (DMD & CFO) of the SBI.
• He joined SBI in 1982 and held important assignments in India and abroad.

SBICAP:

SBI Capital Markets Limited (SBICAP) is headquartered in Mumbai, is a wholly owned subsidiary and investment Banking wing of SBI. SBICAP has 8 offices (6 Regional Offices and 2 Branch Offices) across India and a subsidiary in London, SBICAP (UK) LTD.