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Date: 01-Jun-2023 Category: Extra Ordinary State: Union Government Country: India

We refer to the NOTICE of the Bank dated 26th April 2023 published in the Gazette of India on 2nd May 2023 and also in newspapers

Issued by State Bank of India · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The gazette notification announces the election of four shareholder directors to the Central Board of the State Bank of India (SBI).
  • It also cancels the General Meeting of shareholders scheduled for June 19, 2023, as only four valid nominations were received for the four available positions.

Key Changes

  • Four individuals have been declared duly elected as Shareholders’ Directors on the Central Board of SBI for a three-year term from June 26, 2023, to June 25, 2026.
  • The elected directors are: Shri Ketan Shivji Vikamsey, Shri Mrugank Madhukar Paranjape, Shri Rajesh Kumar Dubey, and Shri Dharmendra Singh Shekhawat.
  • The General Meeting of shareholders previously scheduled for June 19, 2023, to conduct the election is cancelled.

Impact Analysis

State Bank of India (SBI)

  • The cancellation of the General Meeting saves the bank time and resources associated with organizing and conducting the meeting.

SBI Shareholders

  • The cancelled General Meeting means shareholders will not have the opportunity to vote in person for the directors.

Elected Directors

  • They are responsible for representing shareholder interests and contributing to the bank's decision-making processes.

Suggested Action Items

  • The newly elected directors should be onboarded and integrated into the Central Board.

Key Entities Referenced

State Bank of India (SBI): The entity for which the shareholder directors are being elected. State Bank of India Act, 1955: The legislation under which SBI is constituted and which governs the election of directors. Reserve Bank of India (RBI): The regulatory body whose 'Fit & Proper' Criteria for Elected Directors on the Boards of PSBs Directions, 2019, are considered in the nomination process. State Bank of India General Regulations, 1955: The regulations governing the election process, specifically Regulation 40(3), which allows for the declaration of elected candidates when the number of valid nominations equals the number of vacancies.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-01062023-246221 xxxGIDHxxx CG-DL-E-01062023-246221 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 362] िई दिल्ली, बृहस्ट्प जतवार, ििू 1, 2023/ज्य ष्े ि 11, 1945 No. 362] NEW DELHI, THURSDAY, JUNE 1, 2023/JYAISHTHA 11, 1945 भारतीय स्ट्टेट बकैं (भारतीय स्ट्टेट बकैं अजधजियम, 1955 के तहत गठित) सचू िा िई दिल् ली, 29 मई, 2023 फा. स.ं CC/S&B/AD/149.—1. हम भारतीय स्ट्टेट बैंक अजधजियम, 1955 की धारा 19 (सी) के प्रावधािों के तहत, बैंक के केंद्रीय बोडड म ें चार जििेिकों का चुिाव करिे हते ु भारतीय स्ट्टेट बैंक के िेयरधारकों की आम बैिक "स्ट्टेट बैंक ऑजडटोठरयम, स्ट्टेट बैंक भवि कॉम्प्लेक्स, मैडम कामा रोड, मुंबई - 400021 (महाराष्ट्र)” म ें दििांक 19 िूि, 2023 (सोमवार) िोपहर 3.00 बि े को आयोजित करिे के संबंध म,ें 2 मई 2023 को भारत के रािपत्र म ें और 29 अप्रैल, 2023 को समाचार पत्रों म ें प्रकाजित बैंक के िोठटस, दििांक 26 अप्रलै 2023 का उल्लेख करत े ह।ैं 2. इस संबंध म,ें एतिद्वारा सूजचत दकया िाता ह ै दक िेयरधारकों के जििेिक की चार ठरजियों के जवरुद्ध, भारतीय स्ट्टेट बैंक अजधजियम, 1955 की धारा 19ए सह पठित भारतीय ठरिवड बैंक (पीएसबी के बोडों म ें जिवाडजचत जिििे कों के जलए उपयिु और उजचत माििंड) जििेिों, 2019 के अिुसार िामांकि प्राप्त करिे के जलए जिधाडठरत समापि समय तक अर्ाडत 26 मई 2023 को िाम 5.00 बि े तक जिम्नजलजखत चार िामांकि वैध पाए गए ह:ैं 3456 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] क्र. उम्पमीिवार का िाम पता कल्पतरु हजै बटेट, 174-ए, डॉ एसएस राव रोड, परेल, 1. श्री केति जिविी जवकमसी मुंबई - 400012 46 मिीषा सीएचएस, सुभाष रोड, अंदकता टेलसड के पीछे, जवले 2. श्री मृगांक मधुकर परांिप े पाले ईस्ट्ट, मुंबई - 400057 602, सुवणडरेखा, आरबीआई आदफससड क्वाटडर, टाटा जमल कंपाउंड, 3. श्री रािेि कुमार िबु े लोअर परेल, मुंबई - 400014 ्लॉट िंबर 9, जतरुपजत वाठटका माचेडा स्ट्कीम 4 सी, न्द्य ू लोहा मंडी 4. श्री धमेन्द्द्र ससंह िेखावत रोड, ियपुर - 302039 3. चूंदक भारतीय स्ट्टेट बैंक सामान्द्य जवजियम, 1955 के जवजियम 40 (3) के अिुसार, चार ठरजियों के जलए केवल चार वैध िामांकि प्राप्त हुए ह,ैं इसजलए जिम्नजलजखत उम्पमीिवारों को 26 िूि 2023 स े 25 िूि 2026 तक तीि वषों की अवजध के जलए बैंक के केंद्रीय बोडड में िेयरधारक जििेिक के रूप म ें जवजधवत जिवाडजचत घोजषत दकया गया ह ै। i) श्री केति जिविी जवकमसी ii) श्री मृगांक मधुकर परांिप े iii) श्री रािेि कुमार िबु े iv) श्री धमेन्द्द्र ससंह िेखावत 4. उपरोि चुिाव के उद्देश्य से 19 िूि 2023 को आयोजित होिे वाली बैंक के िेयरधारकों की आम बैिक तििुसार जिरस्ट्त हो गई ह।ै चल्ला श्रीजिवासुलु िेट्टी, प्रबंध जििेिक (आईबी, िीएम एंड टी) ठरटर्ििंग अजधकारी [जवज्ञापि-III/4/असा./143/2023-24] STATE BANK OF INDIA (Constituted under the State Bank of India Act,1955) NOTICE New Delhi, the 29th May, 2023 F. No. CC/S&B/AD/149.—1. We refer to the NOTICE of the Bank dated 26th April 2023 published in the Gazette of India on 2nd May 2023 and also in newspapers on 29th April, 2023 regarding holding of General Meeting of the Shareholders of State Bank of India on Monday, the 19th June, 2023 at “State Bank Auditorium, State Bank Bhavan Complex, Madame Cama Road, Mumbai – 400021 (Maharashtra) at 3.00 p.m. to elect four Directors to the Central Board of the Bank under the provisions of Section 19 (c) of State Bank of India Act, 1955. 2. In this regard, Notice is hereby given that, against the four vacancies of shareholders’ director, the following four nominations have been found valid in terms of Section 19A of the State Bank of India Act, 1955 read with the Reserve Bank of India (‘Fit & Proper’ Criteria for Elected Directors on the Boards of PSBs) Directions, 2019, upto the closing time fixed for receipt of nominations i.e. till 5.00 pm on 26th May 2023: Sl. Name of the Candidate Address Kalpataru Habitat, 174-A, Dr S.S. Rao Road, Parel, 1. Shri Ketan Shivji Vikamsey Mumbai - 400012 46 Manisha CHS, Subhash Road. Behind Ankita 2. Shri Mrugank Madhukar Paranjape Tailors, Vile Parle East, Mumbai - 400 057 602, Suvarnarekha, RBI Officers Quarters, Tata Mill 3. Shri Rajesh Kumar Dubey Compound, Lower Parel, Mumbai - 400014 Plot No. 9, Tirupati Vatika Macheda Scheme 4C, 4. Shri Dharmendra Singh Shekhawat New Loha Mandi Road, Jaipur - 302039[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3 3. Since there are only four valid nominations received against the four vacancies, in terms of Regulation 40(3) of the State Bank of India General Regulations, 1955, the following candidates have been declared duly elected as Shareholders’ Director on the Central Board of the Bank, for a period of three years from 26th June 2023 to 25th June, 2026: i) Shri Ketan Shivji Vikamsey ii) Shri Mrugank Madhukar Paranjape iii) Shri Rajesh Kumar Dubey iv) Shri Dharmendra Singh Shekhawat. 1. The General Meeting of the shareholders of the Bank scheduled to be held on 19th June 2023 for the purpose of the aforesaid election, therefore, stands cancelled. CHALLA SREENIVASULU SETTY, Managing Director (IB, GM & T) Returning Officer [ADVT.-III/4/Exty./143/2023-24] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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