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SBI says Deputy MD Nitin Chugh’s contract term ends March 3, 2026State Bank of India announced Nitin Chugh's contract ends March 3, 2026, but he is relieved on March 2, 2026. Shares closed at ₹1,189.50, down 1.02 percent on NSE.By Srabastee Biswas  March 2, 2026, 6:24:32 PM IST (Published)1 Min ReadState Bank of India (SBI) has informed the exchanges that the contract period of Nitin Chugh, Deputy Managing Director & Head (Digital Banking & Transformation), is concluding on March 3, 2026.

In a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the bank stated that he has been relieved from the services of the bank at the close of business hours on March 2, 2026, as March 3, 2026 is a public holiday.

Also read: SBI CHAKRA 2026 - Financing India’s next growth chapter

Shares of State Bank of India closed at ₹1,189.50, down ₹12.20 or 1.02%, against the previous close of ₹1,189.90, which was lower by ₹11.80 or 0.98%, on the NSE.

SBI Q3 results

Shares of State Bank of India (SBI) jumped nearly 7% to a record ₹1,137 on February 9 after the lender reported its highest-ever quarterly profit for Q3 FY26. Standalone net profit rose 24.5% year-on-year to ₹21,028 crore, while net interest income (NII) increased 9% to ₹45,190 crore, supported by steady loan growth across retail, corporate, agriculture and SME segments.Continue ReadingTagsSBI