Challa Sreenivasulu Setty

Some Lesser Known Facts About Challa Sreenivasulu Setty

• Challa Sreenivasulu Setty hails from a family of rural moneylenders in Telangana.

• At the age of 12, Setty began spending his school vacations collecting debts for his father’s grocery store in the village of Peddapothulapadu.

• During harvest season, Setty would visit the 150 households in the village to collect money owed by farmers from earlier in the year. He and his brother each had a list of debtors and would go door-to-door to recover the cash.

• He completed his bachelor’s degree at a college in Rajendranagar, Telangana.

• Setty joined the State Bank of India as a Probationary Officer in 1988.

• Setty was appointed as the Managing Director of the State Bank of India in Mumbai on 20 January 2020. He served in the position till 19 January 2023.

  

• On 1 April 2020, he was assigned to oversee Retail and Digital Banking. Later, he also managed the International Banking, Global Markets, and Technology divisions.

• On 20 January 2023, he was reappointed as the Managing Director of the State Bank of India in Mumbai.

• He has held many other positions at the State Bank of India, including Deputy Managing Director of the Stressed Assets Resolution Group, Chief General Manager and General Manager in the Corporate Accounts Group, Deputy General Manager in the Mid-Corporate Group and Vice President & Head of Syndications at SBI’s New York Branch.

• From 2021 to 2022, he served as a member of SBI’s Executive Committee of the Central Board, Audit Committee of the Board, Stakeholders Relationship Committee cum Customer Service Committee of the Board, Risk Management Committee of the Board, Board Committee to Monitor Recovery, and Special Committee of the Board for Monitoring of Large Value Frauds.

• He also served as a member of SBI General Insurance Co. Ltd.’s Bancassurance Committee and General Council of the National Co-operative Development Corporation (NCDC) from 2021 to 2022.

• From 2021 to 2022, he served as the Chairman of the Corporate Social Responsibility Committee and SASF Trust, Director of the SBI Foundation, and Executive Trustee of the SBI Pension Fund.

• He is a Certified Associate of the Indian Institute of Bankers (now the Indian Institute of Banking and Finance).

• On 29 June 2024, the Financial Services Institutions Bureau (FSIB) announced him as the 27th Chairperson of the State Bank of India.