Mumbai, Maharashtra, India, June 2026 – Khurshed Dordi has been elected by shareholders as an Independent Director on the Central Board of State Bank of India (SBI), one of the world’s largest and most systemically important financial institutions.
The appointment brings to SBI a distinguished banking leader with more than three decades of experience spanning global banking, financial services, governance, risk management, technology, operations, enterprise transformation, and leadership development. As a member of SBI’s Central Board, Dordi will contribute to oversight of strategy, governance, risk, technology, talent, and long-term value creation as the bank continues its transformation in an increasingly digital and interconnected financial landscape.
With a balance sheet approaching US$1 trillion, total business of approximately US$1.28 trillion, more than 500 million customers, and a position among the Fortune 500, SBI remains a cornerstone of India’s financial system. Dordi’s appointment reflects the institution’s continued emphasis on strong governance, prudent risk management, and sustainable long-term growth.
Prior to joining the Board of State Bank of India, Khurshed Dordi established BD Consult, where he advises CEOs, founders, boards, and leadership teams on governance, enterprise transformation, leadership development, organizational effectiveness, growth strategy, AI adoption, and long-term value creation. He is also a Marshall Goldsmith Certified Leadership Coach and author of the books Corporate Quicksand and The Art of Conversation.
Before launching his advisory practice, Dordi spent more than two decades with Deutsche Bank, where he held several of the institution’s most senior leadership positions. Most recently, he served as Managing Director & Group Chief Operating Officer, Business Head for Global Capability Centres, and Interim CEO for India, overseeing one of Deutsche Bank’s largest global franchises. During this period, he was responsible for governance, technology, risk management, regulatory affairs, operations, infrastructure, transformation programs, and leadership across a highly regulated and complex operating environment.
Earlier at Deutsche Bank, he served as COO of Corporate & Investment Banking and Head of Corporate Bank for DB Centre, where he led large-scale transformation initiatives, established centres of excellence, re-engineered wholesale banking operations, and managed global regulatory engagements. His leadership contributed significantly to operational efficiency improvements, business scalability, and governance excellence across multiple geographies.
Dordi also held key leadership roles including Head of Multinational Corporate Business for India and Global Business Manager – Corporate Bank & Treasury Solutions, where he managed strategy, risk oversight, infrastructure, governance, and business management activities across 38 countries. His work included global restructuring initiatives, operating model transformation, product development, and regulatory governance across international markets.
Prior to Deutsche Bank, he worked with ANZ Grindlays, where he supported the CEO’s office through strategic planning and business analytics across multiple business units. He began his banking career with HSBC, holding positions across private banking, treasury, finance, and operations, laying the foundation for what would become an exceptional international banking career.
Throughout his professional journey, Dordi has developed deep expertise in governance, risk management, operational resilience, strategic transformation, regulatory engagement, leadership development, and institutional stewardship—capabilities that will be highly valuable to SBI as it continues to support India’s economic growth and financial inclusion agenda.
State Bank of India (SBI) is India’s largest public sector banking and financial services institution and one of the most influential banking organizations globally. Headquartered in Mumbai, SBI operates more than 22,000 branches across India and maintains an international presence through 227 offices in 30 countries.
Tracing its origins to the Imperial Bank of India and banking institutions established in the early nineteenth century, SBI has played a pivotal role in India’s economic development for generations. Today, the bank serves individuals, businesses, corporates, SMEs, agricultural enterprises, and government institutions through a comprehensive portfolio of financial products and services, while continuing to drive financial inclusion and digital banking innovation at scale.
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