Mumbai: SBI General Insurance Company has announced the appointment of Paritosh Tripathi as its new managing director & chief executive officer. He was nominated by the parent company, the State Bank of India for the position. He officially took in-charge of the position from 5 July 2022. 

He succeeds P.C. Kandpal, who has been posted as DMD (P&RE) at the corporate center, State Bank of India. He is now in-charge of the SBI General Insurance’s overall business strategy & growth, operations, budgets, and strategic growth.

Tripathi brings with him over 32 years of rich and diverse banking experience. In the first half of his banking career, he had worked primarily in the MSME and mid-corporate segment, whereas in the latter part of his career he primarily worked in International Banking and Bancassurance.

Before joining SBI General Insurance, he was the GM operations, Internal Banking Group with State Bank of India and was also on the Board of Sterling Bank, Nigeria and SBI Canada. From 2017 to 2020, he was Head Bancassurance, firstly with SBI Mutual Fund and then with SBI General Insurance. Prior to that, he was Head FI Relationship (East Asia) in Hong Kong and CEO SBI DIFC Branch in Dubai. Before taking up these international roles, he was with SBI Delhi Circle where he handled various assignments in the bank.