Ashwini Kumar Tewari Re-appointed as SBI Managing Director

Government Extends SBI MD’s Tenure Till December 2027

The Central Government has re-appointed Ashwini Kumar Tewari as Managing Director (MD) of the State Bank of India (SBI) , ensuring leadership continuity at India’s largest public sector lender. The decision comes at a time when SBI is focusing on balance sheet consolidation, digital transformation and sustained credit growth in a changing economic environment.

Extended Tenure Until Superannuation
As per a notification issued by the Department of Financial Services, Ministry of Finance , the re-appointment will take effect from the date Tewari assumes charge. His tenure, earlier set to end on January 27, 2026 , has now been extended until his superannuation on December 31, 2027 , or until further orders. The extension reflects the government’s confidence in his administrative capabilities and strategic leadership.

Three-Decade Career at SBI
Ashwini Kumar Tewari joined State Bank of India in 1991 as a probationary officer . Over a career spanning more than 30 years, he has served in multiple operational, administrative and strategic roles across the bank. His steady rise within the organisation culminated in his promotion from Deputy Managing Director to Managing Director in January 2021 , highlighting SBI’s tradition of nurturing leadership from within.

Previous Appointments and Extensions
Tewari was initially appointed as Managing Director for a three-year term in January 2021 . After completing this tenure, the government granted him a two-year extension in 2024 , extending his term beyond January 2024. The latest decision further prolongs his leadership, providing stability at the top as the banking sector adapts to regulatory changes and evolving customer expectations.

Strategic Importance for SBI
SBI plays a critical role in India’s financial system, given its scale, outreach and influence on credit flow. Tewari’s continued presence in the top management is expected to support the bank’s priorities in asset quality management, credit expansion, and digital banking initiatives . The re-appointment aligns with the government’s broader objective of ensuring experienced leadership at systemically important financial institutions.

Exam-Focused Points

• Ashwini Kumar Tewari joined SBI as a probationary officer in 1991 .

• He became Managing Director of SBI in January 2021 .

• His tenure has been extended until December 31, 2027 .

• State Bank of India is India’s largest public sector bank by assets.