Banking News

Govt extends tenure of SBI chairman Dinesh Khara until August 2024; MD Ashwini Tewari gets 2-year extension


The government has extended State Bank of India chairman Dinesh Kumar Khara’s tenure till August next year while offering a two-year extension to the bank’s managing director Ashwini Kumar Tewari.

In a notification issued Thursday, the government said that Khara is given the extension till he turns 63. Khara was born on August 28, 1961.

Khara took charge at the country’s largest lender on October 7, 2020, for three years. His current term is coming to an end on October 6.

“The government hereby extends the term of office of Shri Dinesh Kumar Khara, chairman, State Bank of India beyond 6.10.2023 till he attains the age of 63 years, or until further orders, whichever is earlier,” the notification said.

Tewari’s two-year extension will be effective from January 28, 2024.

Khara, a postgraduate in Commerce from Delhi School of Economics, is a career banker who joined SBI in 1984 and worked his way to the top. He holds an MBA degree from New Delhi’s Faculty of Management Studies.
Under him, SBI has surpassed its quarterly profit numbers for the consecutive fourth times to a record Rs 16884 crore for the June 2023 quarter.


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