NEW DELHI: SBI Life Insurance announced that Atanu Sen has taken charge as its new MD and chief executive.
MN Rao, who retired on August 31, was the earlier MD and Chief Executive Officer.
Sen joined SBI in 1977 as a probationary officer and held posts such as chief general manager in the Mumbai circle, deputy managing director and chief credit and risk officer.
Sen said, “My mandate will be to focus on impacting a profitable growth and extending the reach of life insurance to the farthest corners of the country, thus driving life insurance penetration.”
SBI Life is a joint venture (JV) between State Bank of India and BNP Paribas Cardif.