The Government of India has extended Ashwini Kumar Tewari’s tenure as Managing Director of State Bank of India after receiving approval from the Appointments Committee of the Cabinet. His reappointment will be effective from January 27, 2026, through December 31, 2027, extending a term that was earlier due to end in January 2026.
Tewari will continue to serve as a whole-time director on the SBI Board, where he is responsible for corporate banking and the bank’s non-banking subsidiaries, ensuring continuity in leadership and governance.
Earlier this week, the government appointed Ravi Ranjan as Managing Director with effect from December 15, 2025, until September 30, 2028. With this appointment, all four Managing Director positions at SBI are now in place. The bank is led by Chairman C.S. Setty along with Managing Directors Ashwini Kumar Tewari; Rana Ashutosh Kumar Singh, who oversees international banking, global markets and technology; Rama Mohan Rao Amara, in charge of retail business and operations; and Ravi Ranjan, who will handle risk, compliance and the stressed assets resolution group.
Tewari has spent more than three decades with State Bank of India, having joined the institution in 1991 as a probationary officer. During his career, he has held several leadership roles, including Managing Director and Chief Executive Officer of SBI Cards and Payment Services. He has also served as the country head for SBI’s US operations, overseeing branches in key financial centres such as New York and Chicago, and has held senior positions in international banking across East Asia.
In addition to his executive responsibilities, Tewari serves on the boards of several SBI group entities, including SBI Life Insurance, SBI Mutual Fund, SBI General Insurance, SBI Capital Markets, SBI Ventures Limited and SBI Foundation, where he contributes to long-term growth, innovation and sustainability initiatives across the SBI ecosystem.
