The government has appointed Dinesh Kumar Khara as MD of State Bank of India. The appointments committee of the cabinet issued orders to this effect, which said Khara will have a term of three years, extendable by two years after a review of his performance. Khara at present is MD and CEO of SBI Funds Management.
The government has also appointed heads of two other public sector banks. Pawan Kumar Bajaj, now ED at Indian Overseas Bank will be the MD and CEO of United Bank of India, while Ravindra Prabhakar Marathe, who is currently ED at Bank of India, will be MD and CEO, Bank of Maharashtra. Bajaj will hold the post up to 20 September 2018, the date of his attaining the age of superannuation, while Marathe will continue for a period up to 30 November 2019.
The government also announced the appointment of Ashok Kumar Garg and Raj Kamal Verma as EDs of Bank of Baroda and Union Bank of India respectively and Gopal Murli Bhagat and Himanshu Joshi as EDs of Corporation Bank and Oriental Bank of Commerce respectively.
