State Bank of India has appointed Sunil Agrawal, formerly finance chief at Life Insurance Corporation of India, as CFO designate. The move was listed among the day’s notable Indian corporate appointments.
The designate role typically precedes a formal takeover of the chief financial officer’s responsibilities once regulatory and board processes are complete. Agrawal’s LIC background places a former insurer finance head in SBI’s top finance track.
Large public-sector banks routinely refresh senior finance leadership as balance-sheet and regulatory demands evolve. The cited report identified the appointment without detailing an effective date for the CFO role.
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Sources:
https://www.businessworld.in/