SBI General Insurance Company Ltd. has announced the appointment of Shri Naveen Chandra Jha as its new Managing Director and Chief Executive Officer, succeeding Shri Kishore Kumar Poludasu. Nominated by its parent organization, State Bank of India (SBI), Jha brings nearly three decades of experience within the financial sector to his new role.

Shri Naveen Chandra Jha has been a part of SBI since 1994, holding various critical positions, including his recent role as Deputy Managing Director. Prior to joining SBI General Insurance, he served as Chief General Manager of the Amaravati Circle in Andhra Pradesh. His extensive background includes key roles in branch management, credit and risk management, SME credit, HR & administration, and retail banking.

During his tenure at SBI, Jha was recognized for his contributions to business development and operational excellence, with notable achievements in positions such as Regional Manager and General Manager of Network. He was also honored with the Chairman’s Club award as a Branch Manager in 2005 and as a Regional Manager in 2015.

As he steps into his new position at SBI General Insurance, Jha aims to leverage his vast expertise to drive the company towards greater success. His focus on comprehensive business strategy, operations, budgeting, and strategic growth aligns with the company’s goal of becoming a market leader. Jha emphasizes the importance of employee engagement and customer satisfaction, encapsulated in his motto, “Great Numbers with Excellent Quality.” His leadership is expected to guide SBI General Insurance in delivering “Suraksha aur Bharosa Dono” to its customers.