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National News

Oct 08, 2020

Dinesh Kumar Khara assumes charge as new Chairman of State Bank of India

Dinesh Kumar Khara has assumed charge as the new Chairman of the country's largest lender State Bank of India. Mr. Khara took over from Rajnish Kumar, who superannuated yesterday. Soon after taking over charge, Mr. Khara said, one of his top priorities will be to maintain the quality of the loan book, adding that maintaining safety of bank employees and customers will also be focussed on.
Stating that the new restructuring norms announced by RBI are quite liberal, Mr. Khara said, the bank would be able to handle whatever impairment will be there due to COVID-19.
Reiterating that the bank is well-capitalized, the new Chairman said, SBI has raised money through tier-I and tier-II cities. He added that the bank would tap the capital market for incremental fund raising as and when required. He said, for SBI, physical branches and digital platforms are going to be necessary imperatives.
Mr. Khara has been appointed as SBI Chairman for a period of three years.  Prior to this appointment, he was serving the bank as the bank’s Managing Director (Global Banking & Subsidiaries).

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