Banks Board Bureau recommends Dinesh Khara as new SBI chief

C S Setty, another MD at the state-owned lender, has been recommended as the reserve candidate

The Banks Board Bureau (BBB) on Friday recommended the name of Dinesh Kumar Khara, SBI's senior-most managing director, as the next chairman of the country's largest lender.

Khara will replace SBI Chairman Rajnish Kumar, whose three-year term comes to an end on October 7.

Members of BBB, the headhunter for state-owned banks and financial institutions, interviewed four managing directors of State Bank of India (SBI) on Friday for the upcoming vacancy.

"Keeping in view their performance in the interface and their overall experience, the Bureau recommends...Dinesh Kumar Khara for the vacancy of Chairman in State Bank of India (and) Challa Sreenivasulu Setty as