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The governance structure that controls relations between our Board and our management is designed to help both bodies to fulfil the mandates. This structure provides checks and balances including the institutional independence of the Board of Directors.
The Board, under the leadership of the Chairman, is responsible for determining the overall strategy of the Company and guiding the senior management. It holds the ultimate decision-making authority for SBI Life.
Mr. Dinesh Kumar Khara is the Non-executive Chairman of SBI Life. He holds a Master’s degree in Business Administration from FMS, New Delhi and is a Post Graduate in Commerce. Mr. Khara joined the State Bank of India as a Probationary Officer in 1984 and has over 39 years of experience in all facets of commercial banking, such as retail credit, international banking operations, branch management, etc. Currently, he is the Chairman of the State Bank of India.
Mr. Ashwini Kumar Tewari, a career banker, began his journey at SBI in 1991 as a Probationary Officer. With over three decades of service in India and abroad, he has been the MD (Corporate Banking and Subsidiaries) of SBI since November 21, 2023. He oversees Large Corporate and Commercial Credit, along with the Bank's Associates and Subsidiaries. This includes major non-bank businesses such as Credit Cards, Mutual Funds, Life & General Insurance, Capital Markets, and Custodial Services. He also serves on the Boards of these companies.
Mr. Narayan K. Seshadri has more than 42 years of experience in the field of accounting, auditing, litigation support, etc., and his industry experience includes manufacturing, process, healthcare, financial services, utilities and infrastructure and technology. Mr. Seshadri worked with some large Fortune 500/FTSE 100 companies and also small start-ups in various international jurisdictions.
Dr. Tejendra Mohan Bhasin holds an MBA in Finance from FMS, Delhi, LL.B. from Delhi University, CAIIB, and is a gold medalist in M.Sc. He is a fellow of the Indian Institute of Banking and Finance and topped Delhi University's programme in 'Criminology and Forensic Science'. He has over 45 years of experience in the administration, banking and finance industries. Dr. Bhasin served as Chairman and Managing Director of Indian Bank (2010-2015) and as the Vigilance Commissioner of India (2015-2019). He also chaired the Advisory Board for Banking and Financial Frauds (2019-2023).
Mr. Shobinder Duggal holds a Bachelor's in Economics (Hons.) from St. Stephens College, Delhi University and is a member of the Institute of Chartered Accountants of India. He has 37 years of work experience with Nestle and Voltas India Limited. He was CFO of the South Asia Region for Nestle and has also handled procurement and IT/IS responsibilities. Further, he was the Executive Director and CFO of Nestle India Limited and a Board member of Nestle Lanka PLC.
Ms. Usha Sangwan holds a Master’s degree in Economics and holds a Post Graduate Diploma in Human Resource Management and a licentiate from the Insurance Institute of India. She has 38 years of work experience with the Life Insurance Corporation of India (LIC) and more than 32 years of Board-level experience in companies like Axis Bank, BSE Ltd, Ambuja Cement, LIC Housing Finance, Grasim Industries, etc.
Mr. Amit Jhingran holds a Master's degree in Economics and Bachelor of Science. Mr. Jhingran joined State Bank of India as a Probationary Officer in August 1991. In a career spanning over 30 years with SBI, he has held various assignments across International Banking, Retail Banking and Branch Management. Prior to this, he was posted as Chief General Manager, Hyderabad Circle and as CEO of SBI, Chicago. He has also held various responsibilities during his career including Regional Manager and has also headed various branches under his direct control.
