SBI General Insurance announces Naveen Chandra Jha as the new Managing Director & Chief Executive Officer

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Mumbai, 26th June 2024: SBI General Insurance Company Ltd. has announced the appointment of Shri Naveen Chandra Jha as its new Managing Director & Chief Executive Officer. He was nominated by the parent company, State Bank of India, for the position. He succeeds Shri Kishore Kumar Poludasu.

Shri Naveen Chandra Jha has been associated with State Bank of India since 1994 and has held several key positions during his tenure. Prior to his current role at SBI General Insurance, Shri Naveen Chandra Jha, Deputy Managing Director, State Bank of India, served as the Chief General Manager of Amaravati Circle, Andhra Pradesh.

Shri Naveen Chandra Jha brings over three decades of extensive experience in the banking industry. Throughout his career, he has held various important functional and operational roles, including Branch Management, Credit and Risk Management with a focus on SME Credit, HR & Administration, and Retail Banking. He has excelled in numerous crucial roles such as Regional Manager, Deputy General Manager (CDS), Deputy General Manager (Cadre Management), General Manager of Network, and Chief General Manager of the Circle.

During his tenure, the Amaravati Circle was consistently perceived as the top-performing circle. He has made significant contributions to business development and has been recognized for his exceptional service by being selected for the Chairman’s Club in Branch manager category in 2005 and as Regional Manager in 2015.

At SBI General Insurance, Shri Naveen Chandra Jha is set to leverage his vast experience and business acumen to drive the company towards greater success. His emphasis on overall business strategy, operations, budgeting, and strategic growth aligns perfectly with the company’s mission of being a leading player in the industry.

Shri Jha firmly believes that the engagement of human resources and customer centricity are key to the success of any organization. He has consistently worked towards ensuring that both employee satisfaction and customer experience are prioritized. His motto, “Great Numbers with Excellent Quality,” reflects his commitment to achieving outstanding results while maintaining high standards of service and operational excellence. Shri Jha’s extensive experience will be invaluable as SBI General Insurance continues to navigate it’s path to success aiming to provide “Suraksha aur Bharosa Dono” to all its customers.

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