Naveen Chandra Jha is named the new MD and CEO of SBI General Insurance.

Naveen Chandra Jha has been named MD & CEO of SBI General Insurance, taking over for Kishore Kumar Poludasu.Shri Naveen Chandra Jha has been named the new Managing Director and Chief Executive Officer of SBI General Insurance Company Ltd. He takes over for Shri Kishore Kumar Poludasu, who was put forward by State Bank of India, the parent corporation.Professional Experience Prior to taking on his current position, Shri Naveen Chandra Jha held a number of crucial positions in the State Bank of India, including Chief General Manager and Deputy Managing Director of Amaravati Circle, Andhra Pradesh, for almost three decades.

The strategic outlook Jha wants to use his vast experience in the financial sector to steer SBI General Insurance in the direction of further success by emphasizing strategic growth initiatives, operational excellence, and a comprehensive business plan.Dedication to Superiority Jha is well-known for emphasizing customer-centricity and human resource engagement. He supports strong operational and service standards, which are in line with SBI General Insurance's objective to give its clients "Suraksha aur Bharosa Dono."Update on Finances SBI reduced its ownership from 69.95% to 69.11% in the fiscal year that ended on March 31, 2024, by investing Rs 489.67 crore in SBI General Insurance and giving workers ESOPs.