
Baldev Prakash Takes Charge As CEO & MD Of SBICAP Securities
SBICAP Securities Limited (SSL), the brokerage arm of the State Bank of India (SBI), has appointed Baldev Prakash as its Chief Executive Officer and Managing Director (CEO & MD) with effect from June 29, 2026. He has joined the company on deputation from SBI.
Before this appointment, Prakash served as Deputy MD and Group Chief Risk Officer (GCRO) at SBI, where he oversaw the bank’s enterprise-wide risk management framework, governance, and regulatory compliance. He previously served as CEO & MD of Jammu & Kashmir Bank from December 2021 to December 2024. He also chaired JKB Financial Services Ltd. during his tenure. He has more than 35 years of experience in banking and financial services across retail and corporate banking, foreign exchange, digital banking, treasury, and risk management.




