SBICAP Securities

Bhuvaneshwari A. was appointed as Managing Director & CEO of SBICAP Securities Limited (SBI Securities) effective November 1, 2025. She is a veteran of the State Bank of India with a distinguished career of over three decades spanning retail banking, wealth management, and digital operations. She joined SBI as a Probationary Officer in 1994. Most recently she served as Chief General Manager of SBI's Thiruvananthapuram Circle, overseeing more than 1,200 branches across Kerala. At SBI Corporate Centre, she led the Redesign Studio as General Manager, focusing on process improvement and operational efficiency. She is known for building inclusive, high-performing teams and delivering customer-first transformation. She holds a postgraduate degree in Public Administration and is a Certified Associate of the Indian Institute of Bankers (CAIIB) and a Certified Financial Planner.

Deepak Kumar Lalla served as Managing Director and CEO of SBICAP Securities, having been appointed in August 2022 to replace Naresh Yadav. He had worked at State Bank of India for over 37 years and was previously heading SBI's wealth management business (SBICAP Wealth/Wealth Management vertical) before taking charge at SBICAP Securities. He was succeeded by Bhuvaneshwari A. effective November 1, 2025.