Government appoints Ravi Ranjan as SBI MD

• Ravi Ranjan appointed as the new Managing Director of State Bank of India (SBI).
• Ranjan previously served as the Deputy Managing Director at the bank.
• He succeeded Vinay M Tonse, whose term concluded on November 30, 2025.
• His appointment is valid until his superannuation on September 30, 2028, or until further orders.

Why It Matters: New leadership at India's largest bank, SBI, affects its future direction.