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Sidharth Rath resigns as SBM India head before term ends
Mint Mumbai
|October 12, 2023
Sidharth Rath, the head of State Bank of Mauritius (India), has stepped down ahead of the scheduled term conclusion to pursue entrepreneurial opportunities, two people in the know said.
"Rath decided not to renew his five-year contract, which is ending in December," said one of two people requesting anonymity. "The board was also wanting a change in leadership so that the new person could take a fresh look at the business model after what the bank has gone through in the past year due to restrictions by the Reserve Bank of India." Rath joined SBM in 2019, just before the onset of covid.
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