The government has extended the term of State Bank of India Managing Director Challa Sreenivasulu Setty by two years with effect from January 20.

In a regulatory filing, SBI said the government issued a notification to this effect on January 10.

“… the central government hereby extends the term of office of Shri Challa Sreenivasulu Setty, Managing Director, State Bank of India for a period of two years with effect from January 20, 2023…,” the filing said.

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