appointed as the new Managing Director and Chief Executive officer of Indian
Overseas Bank. In his last role, he was deputy managing director and chief
credit officer at State Bank of India, as managing director and chief executive
in with more than three decades of experience in State Bank of India under his
belt. The appointment of Sengupta will be till the date of attaining
superannuation, which is December 31, 2022, or until further orders, whichever
in February 1987. Before assuming the role of deputy managing director and
chief credit officer in September 2018, he was the chief general manager of
SBI’s Kolkata Circle. Prior to that, he was general manager at SBI’s
mid-corporate regional office in Pune.
experience with State Bank of India, Partha Pratim Sengupta served in various
capacities across different geographies. He has given his resignation from the
position of non-executive director at Yes Bank. Under a government-approved
reconstruction scheme, Yes Bank had received equity of Rs 10,000 crore from
State Bank of India and other domestic financial institutions. State Bank of
India now holds a 48.2 percent stake in the private sector lender.