Govt nominates Debashish Panda as Director on board of SBI

New Delhi: The government has nominated Debashish Panda (IAS) as Director on the Central Board of State Bank of India (SBI). He has been appointed with immediate effect and until further orders, SBI said in a regularity filing to the stock exchanges on Saturday.

Debashish Panda is an Indian Administrative Services (IAS) officer of the 1987 batch of Uttar Pradesh cadre. He is currently serving as Special Secretary, Ministry of Finance, Department of Financial Services. Prior to taking up charge as Special Secretary, he was serving as Additional Secretary in the Department of Financial Services.
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Panda is an Indian Administrative Services (IAS) officer of the 1987 batch of Uttar Pradesh cadre. He is currently serving as Special Secretary, Ministry of Finance, Department of Financial Services

State Bank of India (SBI)

The State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body. It is a government corporation statutory body headquartered in Mumbai, Maharashtra. SBI is ranked as 236th in the Fortune Global 500 list of the world's biggest corporations of 2019. It is the largest bank in India with 23 percent market share in assets, besides a share of one-fourth of the total loan and deposits market.