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SBI extends tenure of MD Dinesh Kumar Khara by two years

 (Reuters)Premium
(Reuters)

  • The SBI says the Appointments Committee of the Cabinet has approved the extension in the term of office of Dinesh Kumar Khana by two years
  • Khara was appointed managing director of SBI on 10 August 2016 for a period of three years which was extendable by two years after review of his performance

New Delhi: State Bank of India, the country's largest state-run bank, said on Thursday that the term of office of its Managing Director Dinesh Kumar Khara has been extended for further period of two years.

"The Appointments Committee of the Cabinet has approved the proposal of the Department of Financial Services for extension in the term of office of Dinesh Kumar Khana, Managing Director, State Bank of India for a further period of two years with effect from 9 August, 2019, or until further orders, whichever is earlier...," according to a government order.

Khara was appointed managing director of SBI on 10 August 2016 for a period of three years which was extendable by two years after review of his performance. Before 2016, he was working as MD and chief executive of SBI Funds Management Pvt. Ltd.

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