SBI Life Insurance Company Limited has announced the appointment of Mr. Challa Sreenivasulu Setty as the new Chairman and Nominee Director of the company, effective November 12, 2024. The nomination was made by the State Bank of India, affirming Mr. Setty’s leadership role within the organization.
The appointment aligns with Regulation 30 under SEBI’s Listing Obligations & Disclosure Requirements and is detailed in Annexure A, which outlines Mr. Setty’s extensive experience in the banking sector. With a career spanning over three decades, Mr. Setty has held prominent roles within SBI, including Managing Director and heading various strategic banking sectors like Retail, Digital Banking, and International Banking.
A Certified Associate of the Indian Institute of Bankers and a graduate in Agriculture, Mr. Setty brings expertise in Corporate Credit, Digital Banking, and Technology. He has also contributed to government task forces and committees, further enhancing his credentials.
This appointment underscores SBI Life Insurance’s commitment to seasoned leadership and strategic growth under Mr. Setty’s guidance.
