Mumbai : State Bank of India (SBI) has released the list of eight validly nominated candidates for the election of four Directors to its Central Board, ahead of its upcoming General Meeting of Shareholders scheduled for May 15, 2026.
The meeting will be held at 3:00 PM at the State Bank Auditorium, State Bank Bhavan on Madame Cama Road in Mumbai, and will also be conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM) to enable wider participation among shareholders.
Election Framework and Regulatory Basis
The director elections are being conducted under Section 19(c) of the State Bank of India Act 1955, along with applicable governance norms, including the Reserve Bank of India’s Commercial Banks – Governance Directions, 2025.
SBI confirmed that eight nominations have been verified as valid for the four available positions on its Central Board.
List of Validly Nominated Candidates
The following individuals have been confirmed as eligible nominees:
- Arun Ananth Kamath – Mumbai, Maharashtra
- K R Ashok – Thane, Maharashtra
- Dharmendra Singh Shekhawat – Jaipur, Rajasthan
- Khurshed Rustom Dordi – Mumbai, Maharashtra
- Deepak Arora – Jaipur, Rajasthan
- Sandeep Natwarlal Shah – Mumbai, Maharashtra
- Sandhya Shekhar – Chennai, Tamil Nadu
- Sanjay Kapoor – Panchkula, Haryana
Withdrawal Deadline
SBI has set May 11, 2026 (5:00 PM) as the deadline for candidates wishing to withdraw their nominations. Requests must be submitted in writing to the Managing Director (Corporate Banking & Subsidiaries) at SBI Bhavan, Mumbai.
Compliance and Disclosure
The announcement has been made in line with Regulation 40 of the SBI General Regulations, 1955, and follows earlier notifications issued in March 2026 regarding the election process.
SBI has also formally notified both major stock exchanges to ensure full compliance with listing and disclosure requirements.
Significance of the Shareholders Meeting
The May 15 General Meeting represents a key governance milestone for State Bank of India, as shareholders will elect four Directors who will play a crucial role in shaping the bank’s strategic direction, oversight, and corporate governance.
The hybrid format—combining physical presence with virtual participation—reflects evolving governance practices aimed at improving accessibility and transparency.
With eight candidates competing for four board positions, the upcoming election is expected to be closely watched by investors and stakeholders, highlighting the importance of strong leadership in India’s largest banking institution.
