SBI's MD Sri Ram Becomes the CEO of IDBI Bank For Three Months

Even though it is not clear how a Sri Ram would handle two different banks, he has been appointed as the head of IDBI bank. He is currently the MD of SBI and is now given this additional charge. Sri Ram manages presently SBI's corporate banking division with loan books exceeding 10lakh crores. IDBI is currently facing a lot of stress with 28 percent of gross-performing asset ratio as of March 2018. The Appointments Committee of the cabinet approved the proposal of the Department of Financial Services to moveSriram to his new position. He will take over as the managing director and chief executive officer of the stressed IDBI Bank after its current CEO MK Jaindemits office.