State Bank of India elects four new directors to Central Board

Business Desk — Wed, 20 May 2026 07:00:29 +0000

State Bank of India (SBI) has announced the election of four new directors to its Central Board. The election took place during a General Meeting of shareholders held on 15th May 2026 through video conferencing and other audio-visual means.

The election was conducted under the provisions of Section 19(c) of the State Bank of India Act, 1955, and in accordance with Regulation 40(4) of the SBI General Regulations, 1955. A total of seven valid nominations were received for the four available positions, necessitating an election. Voting was carried out through remote e-voting from 12th May 2026 to 14th May 2026, followed by electronic voting during the General Meeting.

Following the conclusion of the meeting, the appointed scrutiniser submitted a consolidated report on the votes cast. The four candidates who secured the highest number of votes and were subsequently elected to the Central Board are Dr. Sandhya Shekhar, Shri K.R. Ashok, Shri Khurshed Rustom Dordi, and Shri Sandeep Natwarlal Shah.

Dr. Sandhya Shekhar is based in Chennai, Tamil Nadu, while Shri K.R. Ashok resides in Thane, Maharashtra. Shri Khurshed Rustom Dordi and Shri Sandeep Natwarlal Shah are both from Mumbai, Maharashtra. These directors will serve a term of three years, commencing from 26th June 2026 and concluding on 25th June 2029.

The election and appointment of these directors are part of SBI’s ongoing efforts to strengthen its governance and leadership structure.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Shri Khurshed Rustom Dordi | Business Upturn

State Bank of India elects four new directors to Central Board