Stock Report

SBI Life Insurance Company Ltd appoints Mr. Swaminathan Janakiraman as SBI Nominee Director

Posted On : 2022-07-20 23:54:39( TIMEZONE : IST )

SBI Life Insurance Company Ltd appoints Mr. Swaminathan Janakiraman as SBI Nominee Director

At the meeting of the Board of Directors of SBI Life Insurance Company Limited held on July 20, 2022 has approved appointment of Mr. Swaminathan Janakiraman (DIN - 08516241) as a Non-Executive, Nominee Director (Nominated by State Bank of India) of the Company with effect from July 20, 2022, subject to regulatory approval.

Mr. Swaminathan Janakiraman is the Managing Director (Corporate Banking and Subsidiaries) of State Bank of India ('SBI'). In a career spanning over 33 years with SBI, he has held various assignments across Corporate and International Banking, Retail and Digital Banking, Finance and Assurance functions. In his current assignment as MD (Corporate Banking and Subsidiaries), he oversees the Large Corporate and Commercial Credit business of the Bank along with Associates & Subsidiaries of the Bank. This includes major non-bank business like Credit cards, Mutual Fund, Life & General Insurance, Capital Markets, Custodial Services etc.

Prior to this assignment, as MD (Risk, Compliance and SARG), he was looking after the Risk Management functions as well as Regulatory Compliance framework for the Bank. Earlier, as DMD Finance, he looked after Budgeting, Capital Planning, Financial Reporting, Taxation, Audit, Economic Research, Investor Relations and Secretarial Compliance. As Chief Digital Officer of SBI, he served as the head of Digital & Transaction Banking verticals of the Bank.

During his stint in SBI's International Banking Group, Mr Swaminathan served as General Manager (FIG), Corporate Centre Mumbai, which handles SBI's Correspondent banking relationships. As a DGM, he was head of Global Trade Services, responsible for Trade Finance business and Trade Operations of SBI's overseas offices. He was also Head of Trade Finance at SBI's Branch in New York. As SBI's nominee, he served on the Board of Bank of Bhutan, an SBI JV in Bhutan. He has done Masters in Business Administration. He is certified Anti-Money Laundering Specialist (CAMS) as well as certified Documentary Credit Specialist (CDCS).

Shares of SBI Life Insurance Company Limited was last trading in BSE at Rs. 1183.85 as compared to the previous close of Rs. 1169.95. The total number of shares traded during the day was 30996 in over 3437 trades.

The stock hit an intraday high of Rs. 1198.40 and intraday low of 1163.25. The net turnover during the day was Rs. 36693411.00.

Source : Equity Bulls


SBILifeInsuranceCompany INE123W01016 Appointment SBI NomineeDirector