State Bank of India Shareholders Approve Material Related Party Transactions

State Bank of India Shareholders Approve Material Related Party Transactions​

State Bank of India (SBI) held a General Meeting of shareholders on March 27, 2026, conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting commenced at 3:00 PM (IST) and concluded at 3:35 PM (IST).

Shareholders at the meeting approved several material related-party transactions involving the bank and various entities. These transactions included dealings with SBI Life Insurance Company Limited, SBI Cards and Payments Services Limited, SBI Payment Services Private Limited, SBI DFHI Limited, SBI (Mauritius) Limited, PT Bank SBI Indonesia, Nepal SBI Bank Limited, Yes Bank Limited, SBI Capital Markets Limited, SBI General Insurance Company Limited, Rajasthan Gramin Bank and Yes Bank Limited.

Shri Challa Sreenivasulu Setty, Chairman, presided over the meeting and confirmed the quorum. Directors present included Shri Ashwini Kumar Tewari, Shri Rana Ashutosh Kumar Singh, Shri Rama Mohan Rao Amara, Shri Ravi Ranjan, Shri Ketan S Vikamsey, Shri Mrugank M Paranjape, Shri Rajesh K Dubey, Shri Dharmendra S Shekhawat and Smt Swati Gupta.

Shareholders were given the opportunity to cast votes via e-voting during the meeting, following a remote e-voting period from March 24, 2026, 10:00 AM IST to March 26, 2026, 5:00 PM IST.

M/s. Bhandari & Associates, Company Secretaries, served as the scrutiniser for the e-voting process. A report on the e-voting results will be submitted to the stock exchanges and made available on the bank’s official website and the NSDL's website, as per regulatory requirements.

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