Monday, May 16, 2022
  • About
  • Advertise
  • Careers
Scoftware Magazine
  • Home
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Entertainment
  • Login
No Result
View All Result
Scoftware Magazine
Home Business

Dinesh Kumar Khara takes charge as State Bank of India chief: FMS Delhi graduate comes with 35 years of experience

Jaleel M. by Jaleel M.
October 7, 2020
in Business
0
Dinesh Kumar Khara takes charge as State Bank of India chief: FMS Delhi graduate comes with 35 years of experience
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter


Khara, who joined SBI in 1984 as a Probationary Officer, was instrumental in merging five associate banks and Bharatiya Mahila Bank with SBI in 2017

Related posts

Need to update Date of Birth on EPFO portal? Here’s your step-by-step guide to the process

Need to update Date of Birth on EPFO portal? Here’s your step-by-step guide to the process

May 16, 2022
‘US at very, very high risk of inflation’, says Goldman Sachs’ Senior Chairman Lloyd Blankfein

‘US at very, very high risk of inflation’, says Goldman Sachs’ Senior Chairman Lloyd Blankfein

May 16, 2022
Dinesh Kumar Khara takes charge as State Bank of India chief: FMS Delhi graduate comes with 35 years of experience

Newly-appointed SBI chief Dinesh Kumar Khara. PTI

The Centre, on Tuesday, appointed State Bank of India’s senior-most managing director Dinesh Kumar Khara as the chairman of the country’s largest lender.

He replaced Rajnish Kumar, whose three-year term ended on Tuesday. His elevation was recommended by the Banks Board Bureau (BBB) on 28 August after consideration from among the pool of serving managing directors at the bank, comprising Arijit Basu, CS Shetty and Ashwani Bhatia. Khara was among the contenders for the chairman’s post in 2017 as well.

Khara was appointed as managing director of SBI in August 2016 for a three-year term, but got a two-year extension in 2019 after review of his performance.

An alumnus of the Faculty of Management Studies, Delhi University and a post graduate in Commerce, Khara led the Global Banking division of SBI. He holds a board-level position and supervises the businesses of SBI’s non-banking subsidiaries. Prior to being appointed managing director, he was the MD and CEO of SBI Funds Management Pvt Limited (SBIMF).

Khara is known as a general banking specialist within SBI circles. During his stint in the overseas expansion wing, Khara was posted at the bank’s Chicago office and was associated with the overseas acquisition of Indian Ocean International Bank Mauritius, according to a report.

Khara, who joined SBI in 1984 as a probationary officer, was instrumental in merging five associate banks and Bharatiya Mahila Bank with SBI effective April 2017. He has over 35 years of experience in various verticals of commercial banking, such as retail credit, SME/corporate credit, deposit mobilisation, international banking operations and branch management. He is also a Certified Associate of Indian Institute of Bankers (CAIIB).

Khara’s assumes the top post in the midst of the coronavirus pandemic, which has spelt disaster for the banking sector. As on 30 June, SBI had made total provisions of Rs 3,000 crore to cover potential COVID-19 losses. The gross non-performing asset (NPA) ratio of 5.44 percent was lower than 6.15 percent in the March quarter.

Additionally, global rating agency Moody’s downgraded SBI’s standalone profile to ba2 to from ba1 reflecting Moody’s view that the bank’s asset quality and profitability will deteriorate. The resultant weakening in internal capital generation will reverse improvements in the bank’s financial metrics achieved over the past two years,” Moody’s said. This makes regulating the quality of assets an uphill challenge for Khara, especially since the moratorium on loan repayments ended on 31 August and SBI is now tackling the loan restructuring proposal.

With inputs from PTI

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.



Source link

Previous Post

Abu Dhabi Investment Authority to invest Rs 5,512.5 crore in RIL retail arm; joins Silver Lake, KKR among others

Next Post

ALICE L RELEASES AMBITIOUS NEW SINGLE ‘TIRED OF U’

Next Post
ALICE L RELEASES AMBITIOUS NEW SINGLE ‘TIRED OF U’

ALICE L RELEASES AMBITIOUS NEW SINGLE ‘TIRED OF U’

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Roblox CEO creates a $3 billion fortune from virtual world

Roblox CEO creates a $3 billion fortune from virtual world

1 year ago
Mumbai slum’s dogged approach holds lessons for others, South Asia News & Top Stories

Mumbai slum’s dogged approach holds lessons for others, South Asia News & Top Stories

2 years ago
LUKE TITUS ANNOUNCES DEBUT ALBUM FT. RAVYN LENAE, SEN MORIMOTO, QARI AND ELTON AURA

LUKE TITUS ANNOUNCES DEBUT ALBUM FT. RAVYN LENAE, SEN MORIMOTO, QARI AND ELTON AURA

2 years ago
Sensex crosses 59,100 mark, Nifty ends at 17,629; today’s top gainers and losers-Business News , Firstpost

Sensex crosses 59,100 mark, Nifty ends at 17,629; today’s top gainers and losers-Business News , Firstpost

8 months ago

FOLLOW US

  • 110 Followers
  • 29.5k Followers
  • 168k Subscribers

BROWSE BY CATEGORIES

  • Business
  • Culture
  • Entertainment
  • Lifestyle
  • Music
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Tech
  • Travel
  • World News

BROWSE BY TOPICS

2018 League Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan Istana Negara Market Stories National Exam Visit Bali

POPULAR NEWS

  • Charles B and Kamil Ghaouti Collaborate on Groovy New Track “You’re Not Mine,” featuring LauraBrown. Out on Protocol Recordings

    Charles B and Kamil Ghaouti Collaborate on Groovy New Track “You’re Not Mine,” featuring LauraBrown. Out on Protocol Recordings

    0 shares
    Share 0 Tweet 0
  • Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    0 shares
    Share 0 Tweet 0
  • Sam Heughan & Graham McTavish Are Men in Kilts for Travel Show

    0 shares
    Share 0 Tweet 0
  • Common Saints Release New Single “Idol Eyes”

    0 shares
    Share 0 Tweet 0
  • Salted vs. Unsalted Pistachios

    0 shares
    Share 0 Tweet 0
  • About
  • Advertise
  • Careers

© 2020 Scoftware.com

No Result
View All Result
  • Home
  • Politics
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2020 Scoftware.com

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Terms and Conditions - Privacy Policy