The Centre on Tuesday appointed Dinesh Kumar Khara as the new Chairman of State Bank of India (SBI). Khara's appointment comes into effect from October 7, for a period of three years.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Let us know more about the new SBI chairman:

On August 28, the Bank Board Bureau had recommended the appointment of Dinesh Kumar Khara to the post of chairman of the State Bank of India (SBI).

The 59-year-old banker, Dinesh Kumar Khara, did his Masters in Business Administration from Faculty of Management Studies, Delhi University and is a post-graduate in Commerce.

Khara joined SBI as a 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 mobilization, international banking operations and branch management.

Khara was appointed as managing director of SBI in August 2016 for a three-year term. He got a two-year extension in 2019 after review of his performance.

Khare was instrumental in merging five associate banks and Bharatiya Mahila Bank with SBI effective April 2017.