SBI Capital Markets appoints Praveen Gupta as MD and CEO

Mumbai: SBI Capital Markets, the merchant banking arm of State Bank of India, has appointed Praveen Gupta as the Managing Director and Chief Executive Officer.

Gupta replaces Rajnish Kumar, who has been elevated as Managing Director - Compliance and Risk, State Bank of India.

Prior to this, Gupta was the Deputy Managing Director and Chief Financial Officer of State Bank of India, SBI Capital Markets said in a statement.

He has been with State Bank of India for over three decades, having joined the bank in 1982, and has undertaken various important assignments in the bank in India and abroad.