Chalasani Venkat Nageswar was given the additional charge of Deputy Managing Director and Chief Financial Officer (CFO) of State Bank of India (SBI) on 9 March with immediate effect.
Founded on: 2 June 1806 (as Bank of Calcutta), 15 April 1840 (as Bank of Bombay), 1 July 1843 (as Bank of Madras), 27 January 1921 (as Imperial Bank of India), 1 July 1955 (as State Bank of India). The public sector bank (PSB) is the largest bank in India, with a 23% market share. GoI took control of the Imperial Bank of India (present SBI) in 1955. RBI holds a 60% stake in the bank.