SBI General Insurance Appoints Naveen Chandra Jha as New MD & CEO
| Aspect | Details |
|---|---|
| Event | Shri Naveen Chandra Jha appointed as Managing Director and CEO of SBI General Insurance Company Ltd. |
| Successor | Replaces Shri Kishore Kumar Poludasu, nominated by parent company State Bank of India (SBI). |
| Professional Background | Nearly 30 years of experience with SBI, including roles as Deputy Managing Director and Chief General Manager of Amaravati Circle, Andhra Pradesh. |
| Strategic Vision | Focus on holistic business strategy, operational excellence, and strategic growth initiatives. |
| Commitment to Excellence | Emphasis on human resource engagement, customer-centricity, and high service standards. Mission: "Suraksha aur Bharosa Dono." |
| Financial Update | In FY 2023-24, SBI infused Rs 489.67 crore into SBI General Insurance and allotted ESOPs, reducing its stake from 69.95% to 69.11%. |