The government on October 6 appointed Dinesh 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.
Meet Dinesh Kumar Khara, SBI’s new chief
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.
Khara’s ascension to the top post comes at a time when the banking industry is facing an unprecedented challenge due to the COVID-19 pandemic.
The seasoned banker joined SBI as a probationary officer in 1984 and has experience across all verticals of banking such as Retail Credit, SME and Corporate Credit, deposit mobilisation, international banking operations and branch management.
Khara is known as a general banking specialist within SBI circles. Apart from this, during his stint in overseas expansion wing, Khara was posted at the bank’s Chicago office and was associated with the overseas acquisition of Indian Ocean International Bank Mauritius.
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.