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finance | IST

BBB recommends Dinesh Kumar Khana as SBI chairman

Mini

Banks Board Bureau (BBB) on Friday recommended Dinesh Kumar Khana as State Bank of India (SBI) chairman.

Banks Board Bureau (BBB) on Friday recommended Dinesh Kumar Khana as State Bank of India (SBI) chairman.
The three-year term of current SBI chairman Rajnish Kumar will come to an end on October 7.
The board has also recommended Challa Sreenivasulu Setty as the candidate on the Reserve List for the SBI chairman vacancy.
As per the convention, the chairman is appointed from a pool of serving managing directors of SBI, the country''s largest lender. Currently, there are four managing directors -- Dinesh Kumar Khara, Arijit Basu, C S Setty and Ashwani Bhatia.
BBB is the headhunter for state-owned banks and financial institutions. It is is headed by former Department of Personnel & Training Secretary Bhanu Pratap Sharma. Secretary of Department of Financial Services, Secretary of Department of Public Enterprises and RBI deputy governor in-charge of banking are part of BBB.