Arijit Basu to be State Bank of India’s new Managing Director

The government has appointed Arjit Basu as managing director of State Bank of India.

He will fill the position that fell vacant following the elevation of Rajnish Kumar as the chairman. Now, after this the SBI will have four managing directors. As per the SBI Act, the bank can have four managing directors.

Important Questions:

  1. Who has been appointed as the new MD of SBI?
  2. Who is the chairman of SBI?
  3. As per SBI Act, SBI can have a maximum of how many MD’s?