Ravi Ranjan Appointed SBI Managing Director as Bank Posts Steady Q2 Growth

New Delhi, Dec 2025 : The Department of Financial Services (DFS) under the Ministry of Finance has notified the appointment of Ravi Ranjan as Managing Director of the State Bank of India (SBI), effective December 15, according to a regulatory filing by the country’s largest public sector lender. Ravi Ranjan, who was previously serving as Deputy Managing Director, will hold the position until his superannuation on September 30, 2028, or until further orders, as per provisions of the State Bank of India Act, 1955.

Ravi Ranjan brings with him extensive experience spanning several decades at SBI, having handled a wide range of strategic, operational, and leadership roles. Prior to his elevation, he headed SBI’s Global Markets division as Deputy Managing Director for over a year, where he played a key role in managing treasury operations, market risk, and international financial engagements. His tenure in Global Markets is widely seen as strengthening SBI’s position in domestic and global financial markets.

Before that, Ravi Ranjan led the Corporate Accounts Group, one of the bank’s most critical verticals, overseeing large corporate relationships and strategic lending portfolios. His deep understanding of corporate banking, risk management, and credit appraisal has been considered a major asset for the bank at a time when the financial sector is navigating both growth opportunities and global uncertainties.

Among his earlier leadership roles, Ravi Ranjan served as Chief General Manager of SBI’s Chennai Circle, where he was responsible for overseeing banking operations across Tamil Nadu and Puducherry. During this period, he focused on expanding credit outreach, improving customer service, and strengthening asset quality across the region. His experience at both field and corporate levels has positioned him as a well-rounded banker with strong operational insight.

The announcement of his appointment comes at a time when SBI has reported stable financial performance. The bank recently posted a 6.4 per cent year-on-year increase in consolidated net profit to Rs 21,504.49 crore for the second quarter of FY26, compared to Rs 20,219.62 crore in the corresponding quarter of the previous financial year. On a standalone basis, net profit rose 10 per cent year-on-year to Rs 20,159.67 crore, supported by steady loan growth and improved asset quality.

Net interest income (NII) for the quarter grew 3.28 per cent year-on-year to Rs 42,984 crore. However, domestic net interest margin (NIM) moderated to 3.09 per cent, reflecting margin pressures amid evolving interest rate dynamics. With Ravi Ranjan at the helm as Managing Director, SBI is expected to continue focusing on sustainable growth, prudent risk management, and strengthening its leadership position in India’s banking sector.

Team Maverick.