Dinesh Khara will be the new chairman of SBI, Bank Board Bureau has recommended

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New Delhi, 28 August 2020 Friday

The bank's board bureau has recommended Dinesh Khara, managing director of SBI, to be made chairman of the bank. On the other hand, SBI Managing Director Chala Srinivasulu Shetty has been placed on the reserve list. The Board has forwarded the recommendation to the Union Finance Ministry. The ministry will now make its final decision on the recommendation.

The bank's board bureau said in a statement on Friday that Dinesh Kumar Khara has been promoted as the new chairman of SBI in view of his performance and experience. The decision was earlier taken by the board with the signatures of four managing directors of SBI.

Let me tell you that the Bank Board Bureau was set up in 2016 to make appointments of full-time directors and non-executive chairmen. Sends its recommendations to the Government in respect of these appointments. On the basis of which the government makes a decision.

Let me tell you that the chairman of SBI is Rajneesh Kumar. Whose term ended on October 7, 2017. But then the government extended his service for 3 years. Now with the recommendation of Dinesh Kumar Khara, it has been decided that Rajneesh will not get a new service area.

Dinesh Kumar Khara joined SBI in 1984 as a probationary officer. He was made the Managing Director of the bank in August 2016. He was currently handling the loan from the bank as Senior Managing Director, SBI Funds Management Pvt. Ltd.

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