Former LIC CFO Sunil Ramgopal Agrawal Appointed As Finance Chief Of SBI
The State Bank of India (SBI) has appointed Sunil Ramgopal Agrawal as Chief Financial Officer (Designate), with him set to assume charge as CFO from August 1, 2026. The appointment comes a day after he stepped down as CFO of Life Insurance Corporation of India (LIC), where his resignation took effect on July 14.
Before LIC, Agrawal served as CFO at Reliance Nippon Life Insurance and held finance roles at ICICI Prudential Life Insurance. LIC acknowledged his contributions and said he had offered support to ensure a smooth transition following his departure. He joined LIC in March 2022 on a contractual basis and became the insurer’s first major lateral hire for the finance chief role ahead of its initial public offering (IPO). During his tenure, he oversaw key financial functions at the company as it navigated its transition into a listed entity. He holds a bachelor’s degree in computer science & engineering and is a Member of the Institute of Chartered Accountants (ICAI).




