New Delhi: In a strategic move aimed at bolstering its investment banking capabilities, SBI Capital Markets Limited (SBICAPS), the renowned subsidiary of the State Bank of India (SBI), has appointed Virendra Bansal as its new Managing Director and Chief Executive Officer (MD & CEO).

With over three decades of distinguished service within the SBI ranks, Bansal brings a wealth of experience and expertise to his new role. Having held pivotal positions across various domains such as Credit, International Banking, and Retail Banking, Bansal’s appointment signifies a deliberate effort by SBICAPS to leverage internal talent and foster growth from within the organization.

Prior to assuming this esteemed leadership position, Bansal served as the Country Head for SBI’s US Operations, where he demonstrated remarkable acumen in navigating complex financial landscapes and fostering strategic partnerships across borders. His tenure in the US and the UK has equipped him with invaluable insights into global banking practices, which are poised to play a pivotal role in SBICAPS’ expansion efforts both in India and abroad.

Bansal’s appointment comes at a crucial juncture for SBICAPS, as the organization aims to consolidate its position as a premier investment banking institution in India and reinforce its presence on the global stage. His visionary leadership and proven track record are expected to catalyze SBICAPS’ growth trajectory, empowering the organization to navigate the evolving financial landscape with confidence and resilience.