<p>The government on Tuesday appointed Dinesh Kumar Khara as the new chairman of India's largest public-sector lender State Bank of India (SBI) for a period of three years, a notification said.</p>.<p>Khara, who was among the contenders for the chairman's post in 2017 as well, will replace Rajnish Kumar, whose three-year term comes to an end on October 7. Khara's term begins from the date of his taking over the charge, the government notification said.</p>.<p>Earlier on Friday, the Banks Board Bureau (BBB) -- the body responsible for selecting the public sector bank chiefs -- had recommended Khara's name for the top post at SBI.</p>.<p>Khara was appointed as managing director of SBI in August 2016 for a three-year term. He got a two-year extension in 2019 after review of his performance.</p>.<p>The chairman of SBI is assisted by four managing directors.</p>.<p>An alumnus of the Faculty of Management Studies of Delhi University, Khara currently leads the Global Banking division of SBI. He holds a board-level position and supervises the businesses of SBI's non-banking subsidiaries.</p>.<p>Khara was one of the key persons within the bank who played an instrumental role in the merger of SBI with six associate banks in 2017.</p>.<p>Prior to being MD at SBI, he also headed SBI Funds Management Pvt Limited (SBIFMPL).</p>.<p>As per the convention, the SBI chairman is appointed from the internal talent pool.</p>
<p>The government on Tuesday appointed Dinesh Kumar Khara as the new chairman of India's largest public-sector lender State Bank of India (SBI) for a period of three years, a notification said.</p>.<p>Khara, who was among the contenders for the chairman's post in 2017 as well, will replace Rajnish Kumar, whose three-year term comes to an end on October 7. Khara's term begins from the date of his taking over the charge, the government notification said.</p>.<p>Earlier on Friday, the Banks Board Bureau (BBB) -- the body responsible for selecting the public sector bank chiefs -- had recommended Khara's name for the top post at SBI.</p>.<p>Khara was appointed as managing director of SBI in August 2016 for a three-year term. He got a two-year extension in 2019 after review of his performance.</p>.<p>The chairman of SBI is assisted by four managing directors.</p>.<p>An alumnus of the Faculty of Management Studies of Delhi University, Khara currently leads the Global Banking division of SBI. He holds a board-level position and supervises the businesses of SBI's non-banking subsidiaries.</p>.<p>Khara was one of the key persons within the bank who played an instrumental role in the merger of SBI with six associate banks in 2017.</p>.<p>Prior to being MD at SBI, he also headed SBI Funds Management Pvt Limited (SBIFMPL).</p>.<p>As per the convention, the SBI chairman is appointed from the internal talent pool.</p>
