State Bank of India informed Stock Exchanges about the nomination of Shri Ajay Kumar, Executive Director, Reserve Bank of India as director on the Central Board of State Bank of India under clause (f) of section 19 of the State Bank of India Act, 1955. Shri Ajay Kumar is a Director, nominated by the Central Government, u/s 19(f) of SBI Act, 1955, w.e.f. 14th July 2023 till further order. Shri Kumar is presently holding the post of Executive Director (ED), Reserve Bank of India and oversees Human Resource Management Department, Premises Department, Rajbhasha Department and Central Security Cell. Before taking over as ED, he was heading the New Delhi Regional Office of the RBI as Regional Director. In the past, he has served as the RBI Nominee Director on the Board of Bank of Baroda from January 2017 to April 2021. Shri Kumar has done his Masters in Economics and MS in Banking. He is Certified Bank Manager from Institute of Bank Management and Research, Hyderabad. He has undertaken Executive Management Programme from Kellogg School of Management, Chicago and holds other professional qualifications
including Certified Associate of Indian Institute of Banking and Finance (CAIIB). Shri Kumar joined Reserve Bank of India in December 1991 and has had a wide experience of 32 years of working in various capacities in the areas of Banking Supervision, Foreign Exchange Management, Financial Inclusion and Currency Management.