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Banks working closely to recover dues from Vijay Mallya: SBI MD

Friday, July 6, 2018, 1:50 PM

Indian banks are working very closely with the UK authorities to recover maximum out of assets owned by Vijay Mallya after a British court allowed them to search and seize properties of the fugitive liquor baron, SBI MD Arijit Basu said today. Without giving a specific number, he said "we hope to recover significant part our money."
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Government appoints Arijit Basu as new SBI managing director

Saturday, June 23, 2018, 7:06 PM

The government on Saturday appointed Arijit Basu as Managing Director of India's largest lender State Bank of India. He will fill the spot left vacant following the elevation of Rajnish Kumar as the Chairman. Basu, who has a bachelor's in Economics and master's in History, started his career with the bank almost 35 years ago as a probationary officer.
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Arijit Basu to be State Bank of India's new Managing Director

Friday, June 22, 2018, 10:45 PM

Arijit Basu has been appointed State Bank of India's new Managing Director. The government approved his appointment today. He will replace B Sriram, who has been given additional charge of heading IDBI Bank for a period of three months. Currently, Basu is posted as Deputy Managing Director of Corporate Accounts Group at State Bank of India. Before that he was heading SBI Life Insurance.