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SBI General Insurance Appoints Mr. Rakesh Kaul as Chief Business Officer

Posted On : 2023-10-09 09:12:03( TIMEZONE : IST )

SBI General Insurance Appoints Mr. Rakesh Kaul as Chief Business Officer

SBI General Insurance, one of India's leading general insurers, announced the appointment of Mr. Rakesh Kaul as Chief Business Officer. This appointment aligns with the company's vision of being one of the leaders in the General Insurance industry and providing accessible insurance solutions to the masses. In his new role, he will be responsible for developing and executing business strategies, overseeing sales and distribution efforts, and driving overall company growth.

Mr. Kaul is a seasoned BFSI professional with more than two decades of rich experience in the insurance industry. He has previously worked and held leadership positions with organizations such as ICICI Lombard General Insurance, Liberty General Insurance and Zuno General Insurance. He holds an MBA in Marketing and Finance from Symbiosis Institute of Management Studies, a Post Graduate Degree in Digital Business and a Master's Degree in Economics from Pune University.

Speaking on the appointment Mr. Kishore Kumar Poludasu, MD & CEO of SBI General Insurance, said, "We are delighted to welcome Mr. Kaul to the SBI General Insurance family as our Chief Business Officer. His extensive experience and proven track record in the insurance industry makes him a valuable addition to our leadership team. We are confident that with his vast knowledge and experience in the field of business development, he will further grow the Company's sales and business functions. We look forward to his strategic insights and contributions as we continue to grow in the insurance sector."

On his appointment Mr. Rakesh Kaul said, "I am excited to be a part of SBI General's management team. The general insurance industry in India presents immense opportunities for growth. I am excited about the prospect of accelerating the Company's growth journey. I am confident that I will be able to help the company scale its business to even greater heights across all the business verticals."

Mr. Kaul's appointment reinforces SBI General Insurance's commitment to delivering excellence in insurance products and services to its valued customers. With a keen eye on market dynamics and a commitment to financial excellence, he will play a central role in upholding SBI General Insurance's reputation as a leader in the highly competitive Indian insurance industry.

Shares of State Bank of India was last trading in BSE at Rs. 594.10 as compared to the previous close of Rs. 592.25. The total number of shares traded during the day was 607912 in over 15494 trades.

The stock hit an intraday high of Rs. 598.90 and intraday low of 592.25. The net turnover during the day was Rs. 361716779.00.

Source : Equity Bulls


StateBankofIndia INE062A01020 SBIGeneralInsurance Appointment ChiefBusinessOfficer