 "SBI")
The Reserve Bank of India (RBI) has asked State Bank of India (SBI) to appoint a qualified chartered accountant (CA), with relevant experience, as its chief financial officer (CFO). At present, SBI does not have a CA in its top ranks — deputy managing director (DMD) or chief general manager.
A senior SBI executive said due to the central bank's directive, the bank has decided to opt for an external candidate and expects to complete the process by the second quarter of this financial year. Prashant Kumar, a former DMD, was full-time CFO till he moved to YES Bank as MD
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