Smt. Varsha Purandare assumed charge as Managing Director & Chief Executive Officer of SBI Capital Markets Limited (the Merchant Banking arm of State Bank of India) on 9th November 2015. Prior to this, Ms. Purandare was the Deputy Managing Director and Chief Credit Officer (DMD & CCO) of the State Bank of India.
Ms. Purandare has been with the State Bank of India for over three decades, having joined the Bank as a Probationary Officer in 1982. During her long career of 33 years in the Bank, she has held many challenging assignments, both in India and abroad, which include Branch Banking, Large Credit, Forex and other assignments as below:
Chief General Manager of Chennai Circle of the Bank, heading the Bank’s operations in the State of Tamil Nadu.
General Manager (Forex & Global Markets) at the Bank’s Corporate Center in Mumbai.
General Manager – Mid Corporate Group at the State Bank of India Regional Office at Pune.
Dy. General Manager – Mid Corporate Group at the Bank’s Industrial Finance Branch, Mumbai.
Dy. General Manager at the Bank’s main branch in Ahmedabad.
Ms. Purandare was also posted at Bank’s New York office as a forex dealer.
Shri Vasudeo R. Galkar is a fellow member of the Institute of Chartered Accountants of India and holds a degree in law and a bachelor’s degree in commerce. Shri Galkar retired as an Executive Director (Investment) of Life Insurance Corporation of India with 33 years of service out of which 13 years in Investment Department. Shri Galkar is a Partner of M/s. Sarda & Pareek, Chartered Accountants.
With a Master's degree in Economics, Smt. Rao has been the quintessential banker since August 1972. Her 35 years in the Bank have seen a range of assignments both in India and abroad in areas like Commercial Banking, Project Finance, and International Banking. She has had stints as Manager- Business Development, Singapore, Deputy General Manager- Overseas Branch, Bangalore, General Manager- Project Finance SBU, Mumbai, Chief General Manager- International Banking Group, Foreign Offices, Mumbai, Dy. Managing Director & Group Executive (International Banking), Corporate Centre, Mumbai and Dy. Managing Director & Chief Credit Officer, Corporate Centre, Mumbai.
Shri Sharad Sharma joined State Bank of India as a Probationary Officer in 1977 and has 39 years of wide experience in various areas of banking sector. He holds a Bachelors degree in Arts. During his long and illustrious career with the Bank spanning 39 years he handled many challenging assignments which include Managing Director, State Bank of Mysore, Chief General Manager Chennai Circle SBI, Chief General Manager Risk Management, CC, Mumbai, General Manager Global Market Unit Kolkata, General Manager Network-II New Delhi, General Manager Network-II, Mumbai and General Manager Project Finance CAG-Mumbai.
Dr. T. T. Ram Mohan, Independent Director, has several years of experience in consultancy and in the financial sector. Graduated from IIT, Bombay and IIM, Calcutta and obtained his doctorate from Stern School of Business, New York University. Served on several RBI and SEBI committees and on boards of directors. At present, Professor, Finance and Economics at the Indian Institute of Management, Ahmedabad.
Shri. Dinesh Kumar Khara is the Managing Director of Risk, IT & Subsidiaries wing of State Bank of India. He holds a Board level position in the Bank supervising the businesses of non banking subsidiaries of the Bank. The subsidiaries are engaged in diverse financial activities such as Asset Management, Life Insurance, General Insurance, Custodial Services, Primary Dealership, Investment Banking, Broking, Credit Cards, Pension Funds and Factoring services. He is entrusted with the role of supervision of 18 Regional Rural Banks (sponsored by SBI) having more than 5,500 branches, serving more than 55 million customers. In addition, he oversees the Risk Management & Compliance areas of the Bank and Information Technology arm of the Bank.
Shri. Dinesh Kumar Khara, 56 did his Masters in Business Administration from FMS New Delhi and is a post-graduate in Commerce. He is also a Certified Associate of Indian Institute of Bankers (CAIIB). Mr. Khara joined SBI as Probationary Officer in 1984 and has over 33 years of experience in all facets of Commercial banking such as Retail Credit, SME/Corporate Credit, deposit mobilization, international banking operations, branch management, etc.
Shri. Dinesh Kumar Khara successfully accomplished a major feat of merging SBI with its five Associate Banks and Bhartiya Mahila Bank. With this feat State Bank of India has joined the league of top 50 banks globally. Prior to being appointed as Managing Director of State Bank of India, Mr. Khara was the MD&CEO of SBI Funds Management Pvt. Limited (SBIMF). Under his leadership the Company leaped one position up and became the 5th largest Mutual Fund in India with total AUM of about Rs. 1,30,000 crore by improving its market share to 8.8% from 7%. As Chief General Manager - Bhopal Circle, State Bank of India, he was responsible for managing around 1400 branches and handling deposits and advances portfolio of approx. Rs 1.51 lac crores. During his tenure the Bank increased market share in its area of operation and also improved profitability of key businesses by formulating and implementing strategies for effective delivery of products and services with a clear focus on maximizing profits.
As GM in Associates and Subsidiaries department of SBI Corporate Centre, Mr Khara worked closely with the operational and strategy issues of various Non-banking subsidiaries of SBI.
He has worked in Bank’s Chicago office and was associated with the overseas acquisition of Indian Ocean International Bank Mauritius (now SBI Mauritius) during his stint in Overseas Expansion wing of International Banking Group.
Non Executive Director
Ms. Uma Shanmukhi Sistla joined State Bank of India as Probationary Officer in 1987. She gained wide experience in various areas of Banking, covering Branch Operations, Credit Management, Consumer Banking, SME Finance, International Banking, Training, e-course development and Investment Banking. She also has exposure to Bank’s International operations, owing to a 2 year stint at SBI’s Frankfurt Branch.
She was Regional Head of Chennai Region of SBI Capital Markets Limited during 2010-2013 and is deputed back to SBI Capital Markets Limited after a gap of 5 years, during which term, she held various positions in SBI viz DGM (SME) Ahmedabad, GM (SME) SBI, Corporate Centre and GM (Network) at Delhi.
Ms. Uma Shanmukhi Sistla is a Science faculty graduate and Certified Associate of Indian Institute of Bankers. She holds an MBA in Banking and Finance and was also a Certified Financial Planner from FPSB India. She tries her hand at water colours and dress making.
Shri B. Ramesh Babu, assumed charge as Deputy Managing Director (Chief Operating Officer), of State Bank of India, in July 2018. Prior to this, he served as the Chief General Manager of Chennai Circle (covering Tamil Nadu and UT of Pondicherry). He was Chief General Manager of Associates & Subsidiaries and has been on the Boards of all Associate Banks and has been actively associated with the Board level functioning of all Subsidiaries of the Bank. Shri Babu has rich experience of 37 years in many areas of Banking and has served in various geographical locations spread across different Circles and abroad. He has been the General Manager of Lucknow Circle, Deputy General Manager in Associates & Subsidiaries department and SVP & COO / CFO in SBI Factors & Commercial Services. Shri Babu has also held assignments as Vice President, International Banking, Chicago Branch and also posted in the Bank’s International Division.
He holds a Post Graduate degree in Commerce from Andhra University.
Chief Financial Officer
Head - Institutional Equities
Ms. Mallika K.P. is the Managing Director of SBICAP Securities. Prior to this she was overseeing SBI Mid-Corporate Group (MCG) in Hyderabad as a General Manager.
Since her joining in October 1985 as a Probationary Officer, she worked with SBI India and abroad in various capacities and handled different business verticals during her 32 years of illustrious career.
Shri Abraham K Varkey is an M.Com & CAIIB. He joined State Bank of India as Probationary Officer in December 1984. He has worked as Head, RTMU at Chennai and Head – Back office at Hong Kong (IBO). He has also worked as SVP & Head (Product Development & Marketing – State Bank Group Channel) at SBI Funds Management Ltd.
Shri Nirav Sheth, an engineer, and alumni of Symbiosis Institute of Management has joined us as the Head of Institutional Equities. Prior to SBICAP Securities, he was associated with Edelweiss for nearly six years − initially heading sales and then research. He also has demonstrable Buy-side experience – having being associated with ICICI Prudential MF heading their portfolio management services during the tumultuous 2008-11 period. He was one of the founding team members that set up BRIC’s securities institutional desk, which was then sold off to Lehman Brothers. His equity research and sales experience of ~22 years span several sectors and few firms in the formative years –prominent ones, such as IIT/Smith New Court, SSKI and ENAM.
Head Back Office
Shri. Muralidharan Nair is MBA in
Shri Gurpreet Sidana joined SBICAP Securities in 2015 and is currently designated as Head – Retail broking business. He is responsible for the Retail Business (Including branch network and online), Products, Marketing and Customer Service Group as well.
He has a vast experience of around 19 years in the areas of building and managing large format retail broking business both in India and overseas in various capacities with organizations of repute such as Religare Securities, Religare Securities (Australia) and Heckyl Technologies. He is a Chartered Accountant and Commerce Graduate, Delhi University.
Shri Sumit Ghosh has done his MBA in HR from the University of Pune. He has rich experience of over 11 years in HR. Prior to joining Sbicap Securities, he served many organisations such as Axis Securities, J M Financial and Reliance Securities Ltd, where he has spent substantial period and have contributed to the growth of the organizations.
Shri Muralidharan Nair is MBA in Finance from the University of Mumbai. He joined SBICAP Securities Ltd in Oct 2006. He has rich experience of over 20 years in Broking, Investment & Forex. Prior to joining SBICAP Securities, he served many esteemed organisations such as HDFC Securities Ltd, ISE Securities & Services Ltd, Allianz Securities Ltd, Wall Street Finance Ltd.