N K Chari takes over as MD of State Bank of Mysore

N.K.Chari has assumed office as the new Managing Director of State Bank of Mysore. Prior to his new position, he was the Deputy Managing Director of State Bank of India. Mr. Chari, a postgraduate in commerce from Delhi University, joined State Bank of India as a Probationary Officer in September 1978. He served as the Chief Operating Officer in National Banking Group, the retail branch network of State Bank of India. He has also headed the Mid Corporate Vertical of State Bank of India.

Prior to that, he was the Chief General Manager of State Bank of India, Chandigarh Circle, covering the four states of Jammu and Kashmir, Himachal Pradesh, Punjab, Haryana and the Union Territory of Chandigarh with over 1,000 branches. He has also served as the Managing Director of Nepal SBI Bank Limited for four years from 2007.

R Sasikumar takes over as MD of State Bank of Travancore

CR Sasikumar has taken over as Managing Director of State Bank of Travancore (SBT), one of the associate banks of State Bank of India (SBI). Sasikumar started his career as a probationary officer with SBI in 1978 and has since held several key assignments.

Prior to the present posting in SBT, he was Deputy Managing Director, Inspection & Management Audit, at SBI Corporate Centre in Hyderabad. Assuming charge as SBT Managing Director, he said his immediate priority would be the management of non-performing assets (NPAs) and achieving a growth of ₹12,000 crore in advances and ₹16,000 crore in deposits, which the bank has set as its policy objective for 2016-17.