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The Appointments Committee of the Cabinet has given its nod for extending the tenure of SBI Chairman Dinesh Kumar Khara till August 28, 2024.
The three-year tenure of 62-year-old Khara is due to end on October 6 and the order is expected to be issued soon, sources said.
Khara was appointed as Chairman of the country’s largest commercial bank on October 7, 2020, for a period of three years. The current norms stipulate that a person can hold the post of SBI Chairman up to the age of 63.
In 1984, Khara started his career in SBI as a probationary officer. He is a postgraduate in commerce and holds an MBA degree in Finance from Delhi University’s Faculty of Management Studies.
Khara also had a stint in Chicago and oversaw the merger of five associates and Bhartiya Mahila Bank with SBI.
He was also the MD & CEO of SBI Mutual Fund between November 2013 and August 2016. Khara was made MD of SBI in August 2016.
Khara is also a Certified Associate of the Indian Institute of Bankers (CAIIB).
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