The Banks Board Bureau on Friday recommended Dinesh Kumar Khara for the post of chairman of the State Bank of India (SBI).The board further said that Challa Sreenivasulu Setty will be in the reserve list for the vacancy.
Dinesh Kumar Khara and Challa Sreenivasulu Setty are both managing directors of SBI.
“Keeping in view their performance in the interface and their overall experience, the Bureau recommends as follows: Dinesh Kumar Khara for the vacancy of Chairman in State Bank of India.Challa Sreenivasulu Setty as the candidate on the Reserve List for the said vacancy,” the BBB said in a statement.
The decision came after the Banks Board Bureau members had interfaced with four managing directors of SBI on Friday.
Constituted in 2016, Banks Board Bureau makes recommendations for the appointment of whole-time directors as well as non-executive chairpersons of public sector banks (PSBs).
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