Current Affairs - Banking - Discussion

The government of India has appointed Dinesh Kumar Khara as the new Chairman of State Bank of India for a period of three years. His appointment is effective from October 7. Currently, Khara is the Managing Director in-charge of Global Banking & Subsidiaries. The Banks Board Bureau (BBB) had recommended Khara for the post of Chairman of SBI on August 28, ruling out an extension to Rajnish Kumar, whose term is ending on October 6.