Mumbai, 28 August 2024: Shri Challa Srinivasalu Setty has taken charge as new Chairman of State Bank of India (SBI) today, after retirement of Shri Dinesh Khara, the out going Chairman of SBI.
Shri C S Setty hailing from Pothulapadu, a village now in Telangana, Setty witnessed firsthand the struggles of small businesses and the importance of credit. He learnt the importance of timely loan repayments from his father, who owned a small shop in a nearby village. Growing up in such a set-up taught him to appreciate the MSME ecosystem from his early days at SBI.
Shri C S Setty’s ascent to the top of SBI began in 1988 when he joined the bank as a probationary officer after completing his bachelor’s in agriculture. As he prepares to take the helm, Setty attributes his success to the institution, citing it as the driving force behind his rise. “There is an absolute level playing field. The educational background of the employee could be anything, but once in SBI, the person becomes a banker,” he asserts with pride. “I would protect this DNA of SBI and ensure that everyone gets a fair opportunity.”
