Udupi’s Vinay M Tonse appointed SBI Managing Director

Team Udayavani, Nov 23, 2023, 1:34 PM IST

Vinay M Tonse has been appointed as the managing director of the State Bank of India (SBI), according to an order by the personnel ministry said. Tonse was working as the deputy managing director (DMD) at SBI.

The Appointments Committee of the Cabinet (ACC) has approved Tonse’s appointment as the MD at SBI up to the date of his superannuation, i.e., November 30, 2025, it said.

The country’s largest lender has four managing directors and one chairman. FSIB, the headhunter for directors of state-owned banks and financial institutions, had in September recommended him for the post.

The post had fallen vacant after the appointment of Swaminathan Janakiraman as deputy governor of the RBI.

A native of Udupi, Tonse had joined State Bank of India as a probationary officer in 1988 and has now been appointed as the managing director of the country’s largest public sector bank

His father Muralidhara Rao of Kinnimulki was the Director of Small Savings and Lottery Department. Muralidhara Rao worked in Manipal and was closely associated with the Pai brothers. Vinay’s grandfather Tonse Narayana Rao was a teacher in Udupi Board High School.

During his college days, in Bengaluru, Vinay Tonse excelled in athletics and participated in national-level matches. He was interested in cricket, chess and badminton. He is also interested in literature, cinema and theatre.