Mr. Prem Prabhakar joined as the Managing Director and Chief Executive Officer of SBI Ventures Limited (formerly known as SBICAP Ventures Limited) in June 2024. A seasoned banker with over 25 years of diverse experience in the financial services industry, Mr. Prabhakar brings a deep understanding of banking operations, treasury, compliance, risk management and strategic leadership.
Prior to his appointment at SBI Ventures Limited, Mr. Prabhakar held the position of General Manager at State Bank of India (SBI), where he played several key leadership roles across domestic and international assignments. His career reflects a consistent record of managing complex portfolios, driving innovation, and delivering strong operational and financial outcomes.
One of his notable assignments includes serving as Deputy General Manager (Business & Operations), where he oversaw a large cluster of SBI branches. In this capacity, he was responsible for the retail business, operational excellence, customer service enhancement, and implementation of risk mitigation strategies. He played a critical role in ensuring adherence to standard operating procedures (SOPs), internal controls, and audit norms while leading initiatives to promote digital transformation and tech-enabled banking services at the branch level. His efforts contributed significantly to improving compliance with RBI guidelines, internal policies, and regulatory expectations.
Mr. Prabhakar’s core area of specialisation lies in treasury and financial markets, where he has experience of more than a decade in managing diverse functions such as foreign exchange, money markets, derivatives, resource mobilisation, asset-liability management (ALM), and interest rate and liquidity risk management. He served as Chief Dealer (Forex) at SBI Global Markets, Mumbai, where he was responsible for forex operation and uphold SBI’s role as a market maker.
Internationally, Mr. Prabhakar also held the role of Head of Central Treasury at SBI New York, where he managed strategic relationships with other central treasuries and global treasury counterparts. His leadership in this role reinforced SBI’s footprint in global markets and ensured efficient treasury operations aligned with global best practices.
In addition to his executive roles, Mr. Prabhakar also served as a Director on the Board of Jharkhand Rajya Gramin Bank (JRGB), a Regional Rural Bank. In this governance role, he contributed to the strategic oversight, compliance monitoring and execution of development-focused banking initiatives. He was instrumental in ensuring alignment with RBI and NABARD guidelines, evaluating rural credit performance, priority sector lending, and strengthening the bank’s risk management framework.
Mr. Prabhakar holds a postgraduate degree in Humanities and is a Certified Associate of the Indian Institute of Bankers (CAIIB). His strong academic foundation, combined with rich field experience and global exposure, uniquely positions him to lead SBI Ventures Limited in its mission to foster innovation and investment in the financial ecosystem.