The largest lender of the country, State Bank of India has declared the appointment of Diwakar Gupta as the new chief financial officer (CFO) of the bank.

The appointment of Gupta to his new post took place on Friday.

Gupta has been given this response in succession to Hemant G Contractor who was working as CFO of SBI till now.

Contractor has been promoted as managing director of the bank.

Prior to holding this post, Gupta was working as head of rural and national banking for the bank.