Board of Directors

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Ms. Jayati Bansal

Chairman of the SBIC Board

Ms. Jayati Bansal serves as a Chairman and director on the Board of Directors of the State Bank of India (California). Ms. Bansal has been a director since January 2023. She has over 33 years of experience in banking and is the Deputy Managing Director of the International Banking Group of the State Bank of India (SBI). Ms. Bansal is responsible for group strategy, business development, operational efficiency, and other functional areas of the Group. She oversees an international network of 236 offices across 29 countries, with a business portfolio of more than USD $73 billion. Ms. Bansal has held various positions in a variety of areas such as Operations, Credit, Treasury, Financial Institution Group, International Banking, and others. Ms. Bansal also had three overseas assignments: Frankfurt, New York, and as the Regional Head of East Asia Operations at Hong Kong. She holds a Master's degree in Business Administration (MBA), Masters in English Literature and is a Certified Associate of Indian Institute of Bankers (CAIIB).

Mr. Amit Verma

Director & Vice Chair of SBIC Board

Mr. Amit Verma is the Director and Vice Chairman of the State Bank of India (California) Board of Directors and has been serving in this position since February 2024. Mr. Verma is the Country Head of the US Operations of State Bank of India (SBI). He has over 28 years’ of experience with State Bank of India in India and other geographies. During his banking career, Mr. Verma has held several important and crucial assignments in diverse areas of Retail, Corporate, International Banking and HR verticals within SBI, and as Head of Accounts and Administration at the SBI’s wholly owned subsidiary, SBI Canada. He has also worked in SBI’s Corporate Credit Group, handling a diversified portfolio of Iron & Steel, Power, Textiles, EPC and NBFC. He also headed a network of approximately 500 branches, largely covering Retail, SME and Agriculture segments in Chennai Circle, India. Prior to his present role as Country Head, US Operations, Mr. Verma was Regional Head (East Asia) in Hong Kong, overseeing SBI’s operations in China, Hong Kong, Japan, South Korea, and Philippines.

Mr. J. Chris Karow


Mr. J. Chris Karow is a Director on the Board of the State Bank of India (California), which he joined in November of 2023. Mr. Karow has over 35 years of experience and expertise working with global and foreign banks, community banks, investment banks, asset management firms, mortgage and real estate companies, exchanges, funds, clearinghouses, regulators and payments providers. He has served in many roles at Ernst & Young (EY), working with over 100 financial services companies, including 24 of the top 25 banks operating in the US, in areas ranging from external auditing, internal auditing, risk management, business growth initiatives, mergers and acquisitions and the resolution of regulatory issues with the Fed, OCC, FDIC, CFPB, FHFA, SEC and global regulators. Most recently, Mr. Karow led EY's West Region Financial Services Risk Management practice. Prior to that, he has served as the consultant, auditor, internal auditor and signing audit partner of several banks ranging from large banks to foreign banks, regional banks/S&Ls. He has also served hundreds of audit clients by partnering in technical accounting roles.


Mr. Karow was a Certified Public Accountant in California and New York. He is Certified in Financial Forensics and is a Chartered Global Management Accountant. He attended the University of California at Santa Barbara where he attained a degree in Sociology and a second degree in Business Economics with an emphasis in Accounting.

Mr. Niraj Panda


Mr. Niraj Kumar Panda serves as a director on the Board of Directors of the State Bank of India (California) and has been in this role since September 2023. Mr. Panda has over 28 years of experience in banking. He is the Chief General Manager (IB) in International Banking Group of the State Bank of India, which oversees the Bank’s entire foreign operations. Prior to this, as General Manager, SBI Local Head Office, Chennai, he was heading retail business of more than 450 branches in India. Mr. Panda has handled assignments in diverse areas such as Corporate Credit, International Banking, Private Equity, and Retail Banking. Mr. Panda has also worked as Deputy General Manager (Private Equity), Global Markets and Vice President & Head, Syndications, SBI, US Operations. He has also headed the Credit Department of New York Branch of State Bank of India as Vice-President and Head of Credit. Mr. Panda holds a Master’s in Business Administration (MBA) and is a Certified Associate of Indian Institute of Bankers (CAIIB).

Mr. James Neckopulos


Mr. James Neckopulos is a Director on the Board of the State Bank of India (California), which he joined in March of 2019. Mr. Neckopulos has over 30 years of senior executive management experience in banking and financial services. Most recently, he was an Executive Director in Ernst & Young’s Banking and Capital Markets practice. His expertise includes business strategy formulation, P&L management, digital business transformation and enterprise risk and compliance adherence developed through positions in industry and senior consulting positions at Ernst & Young, Hitachi Consulting, Arthur Andersen and Accenture (formerly Andersen Consulting). Mr. Neckopulos has worked with management and boards of leading community and regional banks, Fintechs, and wealth management firms to solve complex business issues, deliver digital business transformation strategies, identify and realize profit improvement opportunities and advise on regulatory risk and compliance matters.

Mr. Neckopulos has an MBA from the Kellstadt Graduate School of Business of DePaul University, Chicago, Illinois and a B.S. in Finance from the University of Illinois, Champaign- Urbana, Illinois.

Mr. Edmond Sannini


Mr. Edmond J Sannini is a Director on the Board of the State Bank of India (California) and has been serving in this position since March of 2024. Having retired from Morgan Stanley in 2019 after 15 years of service, Mr. Sannini was a Managing Director and Global Head of Internal Audit, and a member of the Firm’s Management Committee. Prior to leading Internal Audit, he was Managing Director of Finance and the Head of Corporate Reporting and Analysis. Before joining Morgan Stanley in 2004, Mr. Sannini was the Controller of the Federal Home Loan Mortgage Corporation (Freddie Mac). He began his career with PricewaterhouseCoopers before joining JPMorgan Chase & Co., progressing through roles of increasing responsibility in Audit and Finance over the course of 15 years, including assignments in Japan, London, and New York. Mr. Sannini is currently a Senior Advisor to McKinsey & Company.

Mr. Sannini received his BS degree in Accounting from the University of Delaware and is currently a member of the University’s Board of Trustees, serving on the Executive Committee as well as Chair of the Audit Committee.

Ms. Salila Pande

President & Chief Executive Officer

Ms. Salila Pande is the President and CEO of the bank. She has more than 26 years of experience in banking, having worked in different geographies like India, Singapore, and the US. Ms. Pande is a Financial Risk Manager (FRM).



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