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Repatriated SBI UK Head Sharad Chandak Tipped To Be Dy MD
State Bank of India’s Sharad Chandak, Head of UK Region and also the Head of its subsidiary SBI UK has been transferred back to India. Chandak, an old guard at the bank, is currently Chief General Manager in SBI India hierarchy and is likely to be promoted to the Deputy Managing Director’s post of the bank and stationed in Delhi. Talking to shortpost.in Chandak says despite Covid and other odds faced by various banks and businesses at large in the UK, the SBI subsidiary succeeded in giving the parent SBI a dividend of 2.5%. With an Open Banking platform for non-customers of the bank the YoNo App that was launched during his tenure expanded remittance operations to Nepal and soon Sri Lanka operations will commence. To have a wider outreach to areas where bank’s branches do not exist, Chandak with his team has drawn up plans to start “Kiosk banking.” These kiosks are likely to be opened where the footfall is high like the malls. In 2023 Chandak said SBI UK will launch a development finance product that will offer financial support to those in the real estate sector. Sudhir Sharma, CEO (designate) will move into Chandak’s seat. Sanjay Pandey, currently Executive Director and Deputy CEO in the UK also returns to India and his colleague Varsha Bhat who is in the UK will take charge.

TRENDS & VIEWS

Editor’s Note: Short Post Is Here To Stay…

Time, they say, flies—and how true that is. Here we are celebrating our 5th Anniversary. Five years ago, when Covid-19 was wreaking havoc across the globe, I took a leap of faith and launched Short Post, India’s first website for Authentic Gossip. That was on January 31, 2021. I was convinced there was a clear gap in the market for gossip that was credible, sharp, and impactful—especially if told in just 250 words.

In this, I was fortunate. Scores of senior editors across diverse verticals bought into the idea and, in the process, gave wings to my dream. Quite honestly, Short Post could not have crossed these milestones without the unflinching support of its contributing editors. Like all start-ups, we have seen our share of ups and downs, but these editors have stood by us like a rock. I take this opportunity to doff my hat to them.

Thanks to their commitment, we have published close to 5,000 stories spanning politics, business, entertainment, and sports. I say this with pride: we made our mark as people who matter read us. “Small packs, big impact” truly captures the essence of Short Post.

We all know that Covid-19 has reset businesses worldwide, and the media sector is no exception. In the post-Covid era, investors have become more cautious and selective—and advertisers too. To compound matters, the entry of AI has disrupted the media landscape in equal measure. So far, we have managed to hold our ground, hopeful that some angel investors will take a shine to us.

What gives me confidence is this: AI cannot smell news—especially the gossipy kind. In other words, AI cannot churn out Short Post-type stories, no matter the prompt. That puts us in a safe zone. As someone rightly said, “AI is a co-pilot, not a pilot.”