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The present Chairman of the State Bank of India (SBI), Mr. Rajnish Kumar is going to retire on 7th October 2020. Earlier, there were speculations that he is going to get an extension. But it is confirmed that Dinesh Kumar Khara is going to take the control of India's largest lender.
The Banks Board Bureau (BBB) today recommended Mr Khara as the next Chairman of State Bank of India (SBI) after interviewing four managing directors of SBI. Challa Sreenivasulu Setty has also gave tough competition but the interviewers headed by former union personnel secretary Bhanu Pratap Sharma has recommended Khara as the first choice candidate to succeed Rajnish Kumar as the bank's chariman.
Mr Khara, who turned 59 yesterday, is currently working as the managing director of the Global Banking and Subsidiaries (GB&S) wing of SBI and supervises the businesses of non-banking subsidiaries of the bank. Mr Khara, 56, did his Masters in Business Administration from FMS, New Delhi. He joined SBI as a probationary officer in 1984. He played a major role in merging SBI with its five associate banks and the Bhartiya Mahila Bank.
A final decision in this regard will be taken by the appointments committee of cabinet headed by Prime Minister Narendra Modi. The current chairman of the SBI Rajnish Kumar took over as the SBI Chariman in 2017, and replaced Arundhati Bhattacharya.
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