The government of India has appointed Dinesh Kumar Khara as the new Chairman of State Bank of India for a period of three years. His appointment is effective from October 7. Currently, Khara is the Managing Director in-charge of Global Banking & Subsidiaries.
The Banks Board Bureau (BBB) had recommended Khara for the post of Chairman of SBI on August 28, ruling out an extension to Rajnish Kumar, whose term is ending on October 6.
About Dinesh Khara:
Khara holds a 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). Prior to being appointed as SBI MD, Khara was the MD and CEO of SBI Funds Management Pvt. Ltd.
Important takeaways for all competitive exams:
- SBI Founded: 1 July 1955
- SBI Headquarters: Mumbai, Maharashtra.