Banks Board Bureau recommends Dinesh Khara as next SBI chairman

The Banks Board Bureau (BBB) on Friday recommended Dinesh Kumar Khara as the Chairman of State Bank of India.

The present Chairman Rajnish Kumar will demit office in little over a month’s time on 7 October.

The Appointments Committee of the Cabinet (ACC) earlier appointed Ashwani Bhatia as the managing director of SBI.

Bhatia is currently working as the managing director and chief executive officer at SBI Mutual Fund.

Besides Bhatia, Arijit Basu, CS Shetty, and Dinesh Khara are the other three Managing Director’s.

What is the Qualifications of New Chairman?

Dinesh Khara has completed masters in business administration (MBA) from FMS New Delhi and is a post-graduate in commerce.

He is also a certified associate of Indian Institute of Bankers (CAIIB).

About his Journey in SBI

At the age of 59 he joined SBI as Probationary Officer in 1984 and has experience in all facets of commercial banking such as:

  • Deposit mobilization
  • Retail credit
  • International banking operations
  • Branch management
  • among others.

He was appointed managing director of SBI on August 10, 2016 for a period of three years.

Which was later extended by two years as of its excellent performance.

Before appointed as the managing director of SBI he has successfully completed the merger of SBI with its five associate banks and Bhartiya Mahila Bank.

He was also the chief executive of SBI Funds Management Pvt Limited (SBIMF).

About his view on extension of Loan Moratorium

He earlier said SBI will consider loan restructuring for eligible borrowers after the end of moratorium period on August 31.

Restructuring of eligible loans will also be considered as and when the moratorium comes to an end at the end of August.

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