Who is Arijit Basu? The man named as new State Bank of India MD

Largest state-owned lender State Bank of India today announced that its has appointed Arijit Base as the new Managing Director. At SBI, Basu will take charge of areas like Commercial Credit and IT and will also hold additional charge of Stressed Assets Resolution Group

Prior to this role, Basu was designated as Deputy Managing Director (DMD) in the bank.

A graduate in Economics and a Master of Arts in History, Basu started his career with the bank almost 35 years ago as a probationary officer. He is also a Certified Associate of the Indian Institute of Bankers.

Basu served SBI Life Insurance Company as its MD & CEO from August 2014 to March 2018.During his tenure, the company successfully listed on the Stock Exchanges in October, 2017. 

Basu held several key assignments in SBI which includes Chief General Manager of Delhi Circle and Regional Head & CEO of Japan Operations at Tokyo. 

He has worked in various verticals of the Bank including Corporate Banking, International Banking, Retail Banking and HR and was also part of Business Process Reengineering (BPR) initiative undertaken by the Bank.