Mumbai: State Financial institution of India (SBI) on Monday mentioned Nitin Chugh has been relieved from his place as Deputy Managing Director and Head (Digital Banking & Transformation) with impact from March 2, 2026.
In a regulatory submitting underneath Regulation 30 of the SEBI (Itemizing Obligations and Disclosure Necessities) Rules, 2015, the financial institution mentioned Chugh’s contractual tenure was set to finish on March 3, 2026. As March 3 is a public vacation, he was relieved on the shut of enterprise hours on March 2.
The disclosure was filed with BSE Restricted and Nationwide Inventory Trade of India Restricted, the place SBI’s shares are listed underneath code 500112 on BSE and SBIN on NSE.
SBI mentioned the transfer follows the completion of his contractual time period. The financial institution didn’t identify a successor within the submitting.
The communication to the exchanges was signed by Shima Devi, AGM (Firm Secretary).
