Ashwani Bhatia is the new Managing Director of the country’s largest lender, State Bank of India (SBI). He would be holding this position up to the date of his superannuation that is May 31, 2022.
Bhatia will be the fourth MD of SBI with Dinesh Khara, Arijit Basu, and C S Setty being the other three. He would be responsible for the IT and Stressed Assets Resolution Group (SARG) in this new role.
Prior to his appointment as MD, Bhatia was MD & CEO of SBI Funds Management Pvt Limited. He comes with rich experience of over three and a half decades in the State Bank Group.
Before joining SBI Funds Management Private Limited, he was serving as a Chief General Manager, Corporate Centre in SBI, where he was responsible for revamping of credit structure and processes of the Bank.
Bhatia started his career with SBI in 1985 as a probationary officer. Some of his key positions in the bank include Chief General Manager- SME, General Manager (Heading retail operations of Haryana, HP, Jammu & Kashmir, Punjab, and Chandigarh), and various others in Network Banking, Credit, Investment Banking and Asset Management. He has spent more than a decade in the Bank's treasury holding position as DGM (Forex), DGM (Interest Rates), AGM & Chief Dealer in the equities market. Mr. Bhatia has also had a stint with SBI Capital Markets as President & COO, Whole-time Director for over two years.
He is a Graduate in Physics & Mathematics from Dayalbagh, Agra, and is an MBA from Podar Institute of Management, Jaipur.
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