Dinesh Khara Recommended as Next SBI Chairman, No Extension For Rajnish Kumar

Khara will replace SBI Chairman Rajnish Kumar, whose three-year term comes to an end on October 7. Also Read – Amid COVID-19, Contactless ATMs For Cash Withdrawal May be The New Future For Banks

Members of BBB, the headhunter for state-owned banks and financial institutions, interviewed four managing directors of State Bank of India (SBI) on Friday for the upcoming vacancy. Also Read – SBI Board Approves Raising of up to Rs 25K Crore Via Bonds

“Keeping in view their performance in the interface and their overall experience, the Bureau recommends…Dinesh Kumar Khara for the vacancy of Chairman in State Bank of India (and) Challa Sreenivasulu Setty as the candidate on the Reserve List for the said vacancy,” BBB said in a statement.

As per convention, the SBI chairman is appointed from a pool of serving managing directors at the bank.