Government Nominates DFS Secretary Sanjay Lohiya as Director on SBI’s Central Board of Directors

The Central Government has nominated Sanjay Lohiya as a Director on the Central Board of the State Bank of India (SBI), as per a filing dated June 11, 2026.  

The appointment was notified by the Department of Financial Services under the Ministry of Finance and has taken effect immediately. He succeeds Nagaraju Maddirala as the government nominee on the board. 

Officer With Administrative Experience 

Lohiya belongs to the 1994 batch of the Indian Administrative Service (IAS) from the Assam-Meghalaya cadre.  

He took charge as Secretary in the Department of Financial Services on 1 June 2026 after serving as Special Secretary in the same department. 

Before moving to the finance ministry, he was Additional Secretary in the Ministry of Mines. 

Previous Government Assignments 

A graduate of St. Stephen's College, Delhi University, Lohiya has worked across several government departments during his career.  

His earlier roles include Principal Secretary to the Chief Minister of Assam, Joint Secretary in the Ministry of Agriculture, and Director in the Prime Minister's Office.  

He has also served in other administrative positions at the Centre and state level. 

Regulatory Filing by SBI 

The bank informed the stock exchanges about the development through a filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.  

SBI said that further details relating to the appointment, as required under the applicable regulatory framework, will be shared separately in due course. 

Read More: Adani Enterprises Announces ₹765.25 Crore Acquisition of Madhuvanti Build Estate! 

State Bank of India (SBI) Share Price Performance  

As of June 12, 2026, 12:54 pm, State Bank of India (SBI) share price trading at ₹1,005.30, up 0.46% from the previous closing price. 

Conclusion 

The government has nominated Sanjay Lohiya as Director on SBI's Central Board with immediate effect, replacing Nagaraju Maddirala under the provisions of the State Bank of India Act, 1955. 

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