India has extended Dinesh Khara s tenure as the chairman at State Bank of India, the country s biggest bank, till August 2024. Khara had taken the role of SBI s chairmanship on October 7, 2020 for three years. According to the norms, SBI chairman can hold the position till the age of 63.
While the government is also likely to increase the retirement age of SBI Chairman to 65 years, that of all PSB MDs are expected to be hiked to 62 years, the official added
“The three pillars identified by the B20 India Task Force on Financial Inclusion for Economic Empowerment were ecosystem and enablers, products legal and regulatory requirements. We developed a framework for financial inclusion and economic empowerment, defined priorities for financial inclusion, and made policy recommendations,” Khara informed.