NEW DELHI: The State Bank of India (SBI) has named Debasish Mishra as the new Chief General Manager of its New Delhi Circle, with his appointment taking effect on November 1, 2024.
This move places Mishra at the helm of one of SBI’s largest circles, comprising over 1,700 branches in the nation’s capital and surrounding areas.
This appointment is part of a broader trend at SBI, where recent years have seen a series of strategic leadership changes across various divisions.
Eye on market footprint
These shifts align with the bank’s continued push to streamline operations and deepen its market footprint in response to India’s expanding economy and evolving banking needs.
With more than three decades of experience, Mishra brings a wealth of expertise across several critical sectors, including Credit, Operations, Forex, IT, HR, and MSME financing.
His diverse background includes both domestic and international exposure, which will be invaluable as SBI’s New Delhi Circle looks to strengthen its competitive positioning. According to SBI, Mishra’s role is expected to be pivotal in helping the bank adapt to the New Delhi region’s dynamic market while supporting its broader goals under the leadership realignment across its key zones.
Era of changes at top brass
Mishra’s appointment follows a notable period of organizational adjustments at SBI, where new CEOs and top executives have been appointed across its various circles and departments. This phase of leadership renewal reflects SBI’s intent to balance continuity with innovation, bringing experienced leaders into critical roles.
Each Chief General Manager, like Mishra, oversees one of the 17 local head offices (LHOs) that serve as hubs for SBI’s branch network, which spans over 22,600 branches nationwide.
Mishra, a Certified Financial Planner and Chevening Gurukul Scholar, assumes his role at a time when SBI is not only focusing on expanding its market share but also on adopting new technologies and improving customer service standards.
The bank’s initiatives range from digitising services to enhancing its loan and credit offerings, and strengthening its small and medium enterprise support – a segment that Mishra is especially well-versed in.
