The State Bank of India (SBI) has appointed Sunil Ramgopal Agrawal, the former chief financial officer of LIC, to the position of Chief Financial Officer.
The bank notified stock exchanges on Wednesday that Sunil Ramgopal Agrawal has been appointed as the Chief Financial Officer (appointed person). He will commence his duties on August 1, 2026.
In June, Agrawal resigned from his post as Chief Financial Officer of the Life Insurance Corporation of India (LIC). While at LIC, he oversaw the financial activities of the insurance company, played a key role in implementing strategic initiatives, strengthening financial processes, managing interactions with the board of directors and regulators, and supporting the organization's growth and transformation agenda.
Agrawal possesses over 27 years of experience in financial services and strategy. During his tenure at LIC, he gained deep knowledge in financial planning, capital management, financial reporting, investor relations, corporate governance, and regulatory engagement. Furthermore, he actively collaborated with boards of directors, regulators, investors, and other stakeholders.
Academically, Agrawal is a qualified accountant and holds a bachelor's degree in engineering (computer science).
HDFC Bank, India's largest private sector lender, announced on Wednesday that it has received approval from the Reserve Bank of India (RBI) to appoint former Chief Election Commissioner Rajiv Kumar as the bank's interim chairman for a three-year term, starting July 15.
Kumar is expected to attend his first board meeting on July 18, where the board will review the bank's financial results for the first quarter of the 2027 fiscal year. One of the immediate priorities for Kumar as chairman will be to lead the board discussion on the reappointment of Managing Director and CEO Sashidhar Jagdishan.
In regulatory filings, the bank expressed gratitude to Keki Mistry, who served as interim chairman after Atanu Chakraborty's departure in March. HDFC Bank stated: 'The bank records its sincere appreciation for Mr. Keki Mistry for his valuable leadership and contribution during his tenure as the bank's interim chairman. Mr. Mistry continues to be a non-executive, non-independent director of the bank.'
Last month, the bank's board approved Kumar's appointment as interim chairman for three years, subject to RBI approval. Furthermore, his acceptance as an additional independent director for four years was approved, which required shareholder approval.
Kumar, aged 66, is a retired officer of the Indian Administrative Service (IAS). He served as the Chief Election Commissioner from May 2022 to February 2025. Prior to that, he worked as Financial Secretary and Secretary of the Department of Financial Services before retiring from government service in February 2020.
Jindal Stainless has announced that Kunjal Mehta has been appointed as the Chief Financial Officer (CFO). This appointment is effective from June 25.
According to Jindal Stainless CEO Abhiudaya Jindal, Kunjal possesses deep knowledge in corporate finance, treasury, fundraising, and business transformation, and also has successful experience in creating value in large and complex organizations. He expressed confidence that Mehta's leadership will strengthen the company's financial stability and support its growth in the manufacturing business.
In his new role, Kunjal Mehta will lead the company's financial strategy and play a key role in the next stage of its development, expansion, and value creation. Before joining Jindal Stainless, Mr. Mehta served as the CFO at Adani Energy Solutions Limited. Throughout his career, he held senior management positions at Adani Electricity Mumbai Limited, Adani Ports & Special Economic Zone Limited, and Essar Steel India Limited.
Jindal Stainless is the largest stainless steel manufacturer in India.
