CURRENT AFFAIRS
CURRENT AFFAIRS
Description
SBI General Insurance Company Ltd. has appointed Shri Naveen Chandra Jha as its new Managing Director and CEO. He succeeds Shri Kishore Kumar Poludasu, who was nominated by the parent corporation, State Bank of India.
Professional Background
Shri Naveen Chandra Jha has approximately three decades of experience with State Bank of India, having served as Deputy Managing Director and Chief General Manager of Amaravati Circle, Andhra Pradesh, prior to his current position.
Strategic Vision
Jha intends to use his considerable financial industry experience to propel SBI General Insurance to greater success, concentrating on comprehensive company strategy, operational excellence, and strategic growth initiatives.
Commitment To Excellence
Jha, who is known for emphasizing human resource engagement and customer-centricity, advocates for high service standards and operational quality, which aligns with SBI General Insurance's purpose of providing "Suraksha aur Bharosa Dono" to its customers.
Financial Update
In the fiscal year ended March 31, 2024, SBI invested Rs 489.67 crore in SBI General Insurance and distributed ESOPs to employees, lowering its ownership from 69.95% to 69.11%.
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