Mr. Ashwani Bhatia is the Managing Director of State Bank of India since 24th August 2020 and holds a Board level position in the Bank. He is also a member of Board Level Committees in the Bank including Executive Committee, Risk, Audit, ITSC.
In his present role as Managing Director (Global Banking & Subsidiaries) Mr. Bhatia oversees the International Banking book & Corporate Banking Book (assets over USD 102 Billion) and Treasury Operations of the Bank. In addition to the above, he oversees the functioning of Domestic and Foreign Subsidiaries of the Bank. The Non-Banking Subsidiaries of the Bank are engaged in diverse financial activities such as Asset Management, Life Insurance, General Insurance, Credit Cards, Custodial Services, Primary Dealership, Investment Banking, Broking, Pension Funds, Factorial Services etc. He is also entrusted with overseeing the functioning of 14 Regional Rural Banks with 4721 branches and serving about 44 million customers. Currently, he also holds portfolio of Commercial Clients Group, IT & Risk verticals of the Bank.
Prior to his present assignment, Mr. Bhatia was looking after the Stressed Assets Resolution Group vertical of the Bank including the IT vertical as MD (IT & SARG).
Prior to his appointment as Managing Director in State Bank of India, Mr. Bhatia was the MD & CEO of SBI Funds Management Pvt Limited (SBI Mutual Fund). Before joining SBI Funds Management Private Limited, he was working as a Chief General Manager, Corporate Centre in SBI, where he was responsible for revamping of credit structure and processes of the Bank. Mr. Bhatia has also had a stint with SBI Capital Markets as President & COO.
Some of his key positions in the bank include Chief General Manager- SME, General Manager (Retail Operations), DGM (Forex), DGM (Interest Rates), AGM & Chief Dealer in equities market. Mr. Bhatia also had a stint abroad as Chief Dealer at Tokyo and was responsible for Treasury functions of Japan Operations of SBI.
Mr. Bhatia, 58 is a graduate in Physics & Mathematics from Dayalbagh University, Agra and is an MBA from Poddar Institute of Management, Jaipur. Mr. Bhatia joined SBI as Probationary Officer in 1985 and has over 35 years of experience in all facets of Banking