State Bank of India (SBI) chairman Dinesh Khara has won the prestigious Indian of the Year 2023 award in the business category. Khara joined SBI as a probationary officer in 1984 and has risen through the ranks over the years at India's largest public sector lender.
Before assuming office as Chairman, Khara held various key positions in SBI such as MD (Global Banking & Subsidiaries), MD (Associates & Subsidiaries), MD & CEO (SBI Mutual Funds), and Chief General Manager, Bhopal Circle. He was also posted in Chicago for an overseas assignment.
As Managing Director, he led the International Banking Group, Large Corporate and Treasury operations in addition to the non-banking subsidiaries of the Bank viz., SBI Cards, SBIMF, SBI Life, SBI General, etc. He also seamlessly executed the merger of five erstwhile Associate Banks and Bhartiya Mahila Bank with SBI.
Additionally, he also headed the risk, IT, and compliance functions of the bank at various points.
A postgraduate in commerce from the Delhi School of Economics, Khara is an MBA from FMS, New Delhi. He is a Fellow of the Indian Institute of Banking & Finance.
Khara was appointed as Chairman of the country’s largest commercial bank on October 7, 2020, for a period of three years. He recently got an extension from the Centre until August 2024.
In a recent interaction with CNBC-TV18 Managing Editor Shereen Bhan at the 10th SBI Banking & Economics Conclave, he said, "We have to support the growth initiative, and there is a lot being talked about private sector investment."
He said the SBI is committed to supporting private sector growth initiatives and highlighted the crucial role of digital transformation in the evolving financial landscape.
SBI, India's largest lender, on Saturday reported a 9.13% growth in consolidated net profit for the September quarter to ₹16,099.58 crore. It had reported a consolidated net profit of ₹14,752 crore in the year-ago period and ₹18,356 crore in the June quarter.
CNN-News18 Indian of the Year honours individuals who have brought pride to the nation with remarkable contributions in their respective fields.
(Edited by : Ajay Vaishnav)
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