SBI Deputy Managing Director Nitin Chugh Exits After Contract Completion

State Bank of India announced that Nitin Chugh, Deputy Managing Director and Head of Digital Banking Transformation, has exited following the conclusion of his contract on March 2, 2026. Chugh joined SBI in March 2022, leading digital initiatives including the launch of YONO 2.0. The bank did not name a successor in its regulatory filing, which was submitted to stock exchanges as per SEBI regulations.