FSIB recommends Ravi Ranjan as SBI managing director
Published on 11/09/2025 08:05 PM
FSIB recommends Ravi Ranjan as SBI managing directorThe Financial Services Institutions Bureau (FSIB) has recommended Ravi Ranjan for the role of managing director at SBI. Shares of State Bank of India ended higher on Thursday (September 11) by 0.67% at ₹823.80 on the BSE.By Megha Rani September 11, 2025, 8:05:42 PM IST (Published)2 Min ReadThe Financial Services Institutions Bureau (FSIB) announced on Thursday (September 11) that it has recommended Ravi Ranjan for the position of managing director at State Bank of India (SBI). The current MD, Vinay Tonse, is set to complete his term on November 30, 2025
FSIB said it interacted with nine candidates for the role and, after assessing their performance, experience, and relevant parameters, shortlisted Ranjan as the preferred choice.
#JustIn | Finance Services Institutions Bureau recommends Ravi Ranjan for the position of Managing Director in State Bank of India#RaviRanjan #StateBankofIndia #SBI #Banking pic.twitter.com/oaSzB5NdgS
— CNBC-TV18 (@CNBCTV18Live) September 11, 2025
The appointment will be finalised after the requisite approvals.
Q1 results
SBI announced its first quarter results last month.
For the first quarter of FY26, ended June 2025, SBI reported a net profit of ₹19,160 crore, marking a 15% year-on-year increase and surpassing Street expectations of ₹16,664 crore.
Other income for the quarter increased to ₹17,345 crore from ₹11,162 crore last year.
Net interest income (NII) or core income for the quarter remained flat at ₹41,072.4, which is nearly the same as the previous year's figure of ₹41,126 crore, and marginally below the CNBC-TV18 poll figure of ₹41,650 crore.
Also Read: India-EU FTA could clear roads for luxury vehicles, says Volvo Car India MD Jyoti Malhotra
Shares of State Bank of India ended higher on Thursday (September 11) by 0.67% at ₹823.80 on the BSE.Continue Reading(Edited by : Shoma Bhattacharjee)Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsmanaging directorSBISBI share price