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SBI Capital Markets, subsidiary of State Bank of India, has roped in Virendra Bansal as its managing director and chief executive officer.
Bansal will succeed Rajay Kumar Sinha, who will step down after a stint of 32 years at SBI. In July 2023, Sinha had taken up the position of MD and CEO at SBI Capital Markets.
Bansal, who has three decade long experience was the head of SBI’s US operations. Previously, he was the chief executive of SBI’s California operations.
The leaders highlighted how AI is emerging as a critical enabler in this shift from marketing’s traditional focus on new customers to a more sustainable model of driving growth from existing accounts.
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