Tenure of SBI Chairman Dinesh Khara extended till August 2024

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The Government of India extended the tenure of SBI Chairman Dinesh Khara till August 2024.

An Overview of the News

• On October 5, 2023, the Appointments Committee of the Union Cabinet chaired by Prime Minister Narendra Modi has extended the tenure of State Bank of India (SBI) Chairman Dinesh Khara for a further period beyond October 2023 until he attains the age of 63 years. Let's do.

• Dinesh Kahra will now retire on 28 August 2024.

• The Appointments Committee of the Cabinet consists of the Prime Minister and the Union Home Minister.

• The Appointments Committee of the Cabinet also extended the tenure of SBI MD Ashwini Tiwari for two years.

State Bank of India:

• Its origin is traced to the establishment of the Bank of Calcutta in 1806, which was later renamed the Bank of Bengal in 1809. The Bank of Bombay was established in 1840, and the Bank of Madras was established in 1843.

• In 1921, these three banks were merged and one Imperial Bank of India was formed.

• On the recommendation of the All India Rural Credit Survey Committee (Gorwala Committee) 1951, the Government of India nationalized the Imperial Bank of India with the enactment of the State Bank of India Act 1955 and renamed it State Bank of India.

• SBI is the largest commercial bank in India.

Chairman - Dinesh Kumar Khara

Managing Director - Alok Kumar Chaudhary

Headquarters - Mumbai

Tagline - The Banker To Every Indian