SBI Chairman Dinesh Kumar Khara Receives Extension Till 2024

The government has granted an extension to State Bank of India Chairman Dinesh Kumar Khara by ten months, while MD Ashwini Tiwari’s tenure has been extended by two years.

The last working day of Khara’s current term fell on October 6, 2023; he will now serve until August 2024. This extension aligns with the government’s initiative to extend the retirement age of chiefs of public sector banks to 63 years.

Khara became chairman in October 2020, following Rajnish Kumar, and was expected to serve for three years. He started his career at SBI in 1984 and worked his way up. He has an MBA from the Faculty of Management Studies in New Delhi and a commerce degree from the Delhi School of Economics.

Meanwhile, Ashwini Tewari, Managing Director of SBI, has been granted an extension for 2 years. Originally, he was appointed as MD in January 2021; his tenure, which was set to conclude in January 2024, will now continue for an additional two years.