SBI General Insurance Company has appointed Naveen Chandra Jha as its new managing director and chief executive officer.
Jha, who was nominated by parent State Bank of India, succeeds Kishore Kumar Poludasu.
Jha has been associated with SBI since 1994, holding several functional and operational roles in branch management, credit and risk management with a focus on SME credit, HR and administration, and retail banking.
In his new role, he will be responsible for overall business strategy, operations, budgeting, and strategic growth.
Set up in 2009, SBI General has grown from 17 branches in 2011 to over 143 branches across the country. In FY24, the company saw a 17% increase in gross written premium (GWP) to Rs 12,731 crore. It has 8,000 employees.
Jha, who was nominated by parent State Bank of India, succeeds Kishore Kumar Poludasu.
Jha has been associated with SBI since 1994, holding several functional and operational roles in branch management, credit and risk management with a focus on SME credit, HR and administration, and retail banking.
In his new role, he will be responsible for overall business strategy, operations, budgeting, and strategic growth.
Set up in 2009, SBI General has grown from 17 branches in 2011 to over 143 branches across the country. In FY24, the company saw a 17% increase in gross written premium (GWP) to Rs 12,731 crore. It has 8,000 employees.
