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SBI Caps Sees Key Exits Amid Restructuring
Mint Chennai
|April 12, 2025
The project advisory and structured finance group comprises a team of over 220 professionals
State Bank of India (SBI)'s investment banking and project advisory arm, SBI Capital Markets (SBI Caps), is in the midst of a restructuring exercise, leading to the exits of at least three senior executives, said three people aware of the development.
They said the changes are due to a lower-than-anticipated level of performance by the firm, especially in the project advisory business. Among those exiting are Rajan Gupta, executive vice-president (VP) and group head of project advisory and structured finance group; Vedavyasa Rao K.R., senior VP and head (South); and Arun Kumar Jain, senior VP and head (East).
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