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finance | IST

Banks Board Bureau to meet tomorrow to decide on SBI Chairman vacancy

Mini

The Banks Board Bureau (BBB) is scheduled to meet tomorrow, i.e. Friday, to decide on the selection of the SBI Chairman. The meeting is scheduled from 10:30 am through video conferencing and the first half of the meeting is likely to be devoted to the SBI Chairman vacancy, among other issues.

The Banks Board Bureau (BBB) is scheduled to meet tomorrow, i.e. Friday, to decide on the selection of the SBI Chairman. The meeting is scheduled from 10:30 am through video conferencing and the first half of the meeting is likely to be devoted to the SBI Chairman vacancy, among other issues.
It’s likely the four MDs of SBI will be appearing for interviews through video conferencing.
The current SBI Chairman Rajnish Kumar’s term ends October 7 and it’s widely expected the Chairman will be given an extension. It is noteworthy that there is no defined age bar for the post of SBI Chairman in the SBI Act.
In the second half of the meeting, the BBB is scheduled to take up an extension of terms for EDs of public sector banks and also consider further eligible candidates for the posts.
14 applications are also in for the IFCI MD & CEO post and this too is likely to be taken up.