State Bank of India (SBIN) has announced a change in its senior management. The contract period of Shri Nitin Chugh, who served as Deputy Managing Director & Head of Digital Banking & Transformation, has concluded. Consequently, Shri Nitin Chugh has been relieved from his services with the bank at the close of business hours on March 2, 2026. March 3, 2026, was a public holiday, hence the effective relief date was March 2, 2026. This disclosure is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.