SBI General Insurance Company Limited has announced the appointment of Prakash Chandra Kandpal as its new Managing Director & Chief Executive Officer. He was nominated by the parent company, State Bank of India for the position and has been appointed w.e.f 20th July,2020. Kandpal has been with SBI General Insurance as the Deputy CEO since June 2019.
A seasoned banker with more than 33 years of experience with SBI, his stint at SBI involves experience in both retail and international banking, human resource, technology and learning and development. He was also associated with SBI Mutual Fund as the Chief Operating Officer.
Pushan Mahapatra, the former MD & CEO has been appointed as Director-Strategic Investments & Digital Initiatives and continues to be the Whole Time Director with SBI General Insurance.