Current Affairs - Awards and Honours - Discussion

The Indian government has appointed Challa Sreenivasulu Setty as the new Chairman of the State Bank of India (SBI), succeeding Dinesh Kumar Khara. Setty, who will assume the role on August 28, 2024, has extensive experience in various banking sectors including corporate credit, retail banking, and digital banking. His appointment follows a recommendation from the Financial Services Institutions Bureau (FSIB) and was approved by the Appointments Committee of the Cabinet (ACC). Setty's tenure as Chairman will be for three years, highlighting his seasoned expertise and leadership in the banking industry.