Dinesh Khara appointed SBI Chairman for 3 years

Dinesh Khara has been appointed Chairman of State Bank of India after Rajnish Kumar's term ended on October 6. Khara has been handed a three-year term at the public sector bank, which begins form October 7.

CNBC-TV18 had earlier reporter that the Bank Board Bureau (BBB), which is tasked with identifying heads of public banks, recommended Khara's name for the position.

Khara is the senior-most of four managing directors at SBI and was in charge of global banking and subsidiaries of the bank.