S. Vishvanathan assumes charge as Managing Director & CEO of SBI Capital Markets

Mumbai, July 16, 2009: S. Vishvanathan has assumed charge as Managing Director & CEO of SBI Capital Markets Ltd., the investment banking subsidiary of State Bank of India (SBI). Mr. Vishvanathan has overall charge of the company’s business operations, strategy, and marketing; including activities supported by company’s principal global offices.

Prior to assuming charge as MD & CEO of SBICAP, Mr. Vishvanathan was the Chief General Manager of SBI’s North Eastern operations. Mr. Vishvanathan’s association with SBI goes way back to 1976 when he had joined the State Bank of India as a Probationary Officer. Since then he has served the bank in several important capacities which includes an assignment in bank’s New York branch.

He has extensive experience in the domain of Treasury and Global Markets both in the Domestic as well as International Markets and has been associated with State Bank’s foray into structured products and derivatives in his capacity as General Manager (Global markets).

(This is a press release from SBI Capital Markets Ltd)