Saturday, June 25, 2022

Know more about the new Chairman of SBI Dinesh Kumar Khara

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New Delhi: Dinesh Kumar Khara is the new Chairman of State Bank of India (SBI). The Government has approved his appointment as SBI Chairman of Wednesday. Prior to this assignment, he was serving as Managing Director (MD) of the same public lander. PSU Watch was the first news organisation to inform you when Khara was recommended for the top position of SBI by the Banks Board Bureau on August 28. Banks Board Bureau is an autonomous body of the government which is tasked to improve the governance of PSBs, recommend the selection of chiefs of government-owned banks and financial institutions and helps banks in developing strategies and capital raising plans. With his new assignment, Khara replaces the current SBI chairman Rajnish Kumar whose three-year term comes to an end on October 7. He has been appointed on the post for a period of three years, with effect from the date of his taking over charge of the post on or after October 7, or until further orders, whichever is earlier.

Khara's profile:

Khara did his Masters in Business Administration from FMS New Delhi and is a post-graduate in Commerce. He is also a Certified Associate of Indian Institute of Bankers (CAIIB). He joined SBI as Probationary Officer in 1984 and has over 33 years of experience in all facets of commercial banking such as retail credit, SME/corporate credit, deposit mobilisation, international banking operations, branch management, etc.

ALSO READ: Dinesh Kumar Khara is the new SBI Chairman, appointed for 3 years

State Bank of India (SBI)

State Bank of India (SBI) is a multinational, public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is ranked 236th in the Fortune Global 500 list of the world's biggest corporations of 2019. A nationalised bank, it is the largest in India with a 23 percent market share by assets and a 25 percent share of the total loan and deposits market.

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