Govt Appoints Ram Mohan Rao Amara As SBI Managing Director For 3-Year Term

"Keeping in view their performance in the interface, overall experience and the extant parameters, the Bureau recommends Rama Mohan Rao Amara for the position of MD in SBI," the statement added

The SBI board is led by the chairman and supported by four managing directors. With Amara's selection, SBI will now have its fourth MD

Source : SBI Card

The government appointed Ram Mohan Rao Amara as one of the managing directors of the State Bank of India (SBI) for a three-year term, the bank announced on Wednesday.

Rao’s appointment follows the recommendation made by the Financial Services Institutions Bureau (FSIB) in September this year. The position became vacant after CS Setty took over as chairman in the month of August.

With this appointment, Amara will fill the vacancy left by CS Setty, the current Chairman of the bank. Before being appointed MD, Rao served as the deputy managing director and chief risk officer at SBI, the country’s largest bank. According to a statement from the Bureau, the FSIB interviewed nine candidates for the position of managing director at SBI before selecting Amara for the position.

"Keeping in view their performance in the interface, overall experience and the extant parameters, the Bureau recommends Rama Mohan Rao Amara for the position of MD in SBI," the statement added.

The SBI board is led by the chairman and supported by four managing directors. With Amara's selection, SBI will now have its fourth MD.

Amara, a seasoned banker, has been with SBI for over 29 years. Prior to his appointment, he served as the Deputy Managing Director (DMD) at the bank. He has also held several important roles, including Chief General Manager of SBI’s Bhopal Circle, where he managed operations across Madhya Pradesh and Chhattisgarh.

Rao began his banking career with SBI in 1991 as a probationary officer. Over the years, he has built expertise in areas such as credit, risk management, retail, and international banking. He has also held significant roles in key markets, including serving as CEO of SBI's Chicago branch and later as President and CEO of SBI California.